Major United States-based crypto exchange Coinbase has discontinued its Coinbase Bundle crypto investment offering, the platform’s updated FAQ web site reveals.
Coinbase Bundle product isn't any more
Reasons for termination of the product — that had barely launched in fall 2018 — haven't been formally provided, with the exchange merely notifying users that:
“Coinbase Bundle purchases are deprecated, as such all assets purchased within the Coinbase Bundle are decentralized to their respective individual asset wallets.”
In a further comment, Coinbase says that while users can no longer see a standalone wallet for his or her Coinbase Bundle purchases, the quantity of cryptocurrencies purchased as a part of the package won't have changed and is therefore “a cosmetic-only change.”
Coinbase Bundles has been designed to supposedly change cryptocurrency commercialism and draw new investors into the arena.
Each bundle was a basket of 5 cryptocurrencies — Bitcoin (BTC), Bitcoin money (BCH), Ether (ETH), Litecoin (LTC), and Ethereum Classic (ETC) — supported on Coinbase and purchased in proportion to their market capitalization in USD. Thesmallest bundle was sold-out by the exchange for as little as $25, £25, or €25.
A dynamic crypto landscape
Earlier in the week, Coinbase released collective data within the form of 3 trading signals designed to offer investment insights for its customers: prime holder activity, typical hold time and popularity, and value correlation.
In June, the exchange revealed its key findings regarding awareness and adoption trends associated with cryptocurrency within the U.S., revealing that 58 of Americans have detected regarding Bitcoin (BTC).
Other U.S.-based crypto commercialism platforms have equally launched investment vehicles designed to contour trading, like the Winklevoss Twins’ Gemini exchange that offers a “Cryptoverse” product tied to a basket of cryptocurrencies weighted by market cap to be bought as a single order.
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