Bitcoin Exchange Coinbase Launches The Dow Of Cryptocurrencies

in #coinbase • 7 years ago

Bitcoin exchange Coinbase launches the 'Dow' of cryptocurrencies
Coinbase is launching a weighted index fund for cryptocurrencies.
Much like how the Dow Jones Industrial Average gives a sense of the American economy, this fund tries to reflect major trends in the cryptocurrency market.
"It's an easy way to get exposure to the crypto assets that we offer on our exchange," says Coinbas President and COO Asiff Hirji.

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7 years ago in #coinbase by
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     7 years ago (edited)

    Thanks @anonyhack for this info! :-)

    Btw, I wonder why they don't include in the parameters determining the weight of each cryptocurrency, beyond their market capitalization, what really matters for any blockchain-based services user, i.e.

    • the reliability of each blockchain (see the apparent problems affecting NEO blocks mining lately);

    • and the number of services already functioning (being in production) thanks to those chains (that would impulse ETH, ARDR, Musicoin... and STEEM to the top ranks ;-)).

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     7 years ago 

    For future viewers: price of bitcoin at the moment of posting is 9588.50USD

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