Coinbase Rolls Out New Update For Simplifying Crypto Trading

With the objective of simplifying crypto trading, the Coinbase cryptocurrency exchange has rolled out a new update known as ‘Coinbase Bundles’. This new update was shared by the Coinbase exchange in a blog published on its site on September 27.

This new update, Coinbase Bundles is a basket of five cryptocurrencies that are supported on the exchange platform and purchased in proportion to their market capitalization in U.S. dollars. The Coinbase Bundles comprises of Bitcoin Cash (BCH), Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH) and Ethereum Classic (ETC). The price of the smallest Bundle is $25, €25 or £25.

While the exchange has not specified a maximum purchase size for a Bundle for crypto trading, the exchange has limited the daily purchase amounts on a per-customer basis. After a customer purchases a Bundle, each type of virtual currency will be stored in their Coinbase wallet. It can be sold, bought, sent or received as an individual asset.

In the coming weeks, Coinbase expects to introduce this new product in the E.U., U.S. and the U.K. The exchange has recently announced a new asset listing process that allows listing more digital assets faster. This process refers to virtual coins that are compliant with the local law. This means that certain assets listed on the Coinbase platform will only be available to customers residing in particular jurisdictions.

The Coinbase exchange along with the Coinbase Bundle will now also host Informational Asset pages and a Coinbase Learn section that is aimed at educating newcomers to crypto trading, as stated in the Cointelegraph report.

The Information Asset pages will provide crypto trading customers with all the relevant information pertaining to the top 50 cryptocurrencies based on market cap. This page also provides users with information pertaining to the current market cap, historical trading data and referral links to project websites. The Coinbase Learn section is meant exclusively to enlighten newcomers on cryptocurrency, as stated in the Coinbase blog.

The post Coinbase Rolls Out New Update For Simplifying Crypto Trading appeared first on OWLT Market.

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