Coinbase Exchange Closes Its Index Fund
October 16, 2018
Coinbase digital exchange spokesperson has confirmed the news of shutting down CoinDesk Index Fund for authorized investors.
The close is planned for the next two weeks. The board of the platform had to take this step as it assessed demand among retail, authorized and institutional investors. The users will be offered to move to the just presented Coinebase Bundle.
Биржа цифровых валют Coinbase first mentioned to launch its index crypto fund early spring this year. The fund was to hold assets listed at the GDАХ exchange and was meant for authorized residents of the US with assets of over $1 million or revenue more than $200,000 who would be ready to invest from $250,000 to $20 million.
In addition, it also became public that the number of the customers has dropped by 80% over this year with sales performance declining as well.