Coinbase launches ‘bundles’ of cryptocurrencies

The launch is one of several updates that aim to simplify cryptocurrency trading for new investors

Cryptocurrency exchange, Coinbase, has launched bundles of five cryptocurrencies that investors can buy from $25 (£19).

Coinbase Bundle is a market-weighted selection of the five cryptocurrencies available to buy and sell on Coinbase. Once a bundle is purchased, the underlying cryptocurrencies are stored in their respective wallets and each one can be bought, sold and received as an individual asset.

“Buying a single cryptocurrency can be easy if you know what you want. But knowing which cryptocurrency to buy — and feeling confident in the amount you purchase — is where a lot people lose confidence. The Coinbase Bundle takes the opposite approach,” says Dan Romero, Vice President and General Manager of Coinbase Consumer.

And there’s more…

The exchange has also introduced Coinbase Assey Pages, where people can learn about the top 50 cryptocurrencies (by market cap), including many that are not currently available to buy or sell on Coinbase.

This is complemented by Coinbase Learn, a new section of the website which educates people who are new to cryptocurrency through a series of basic questions and answers.

“We know from talking with people that the breadth and depth of information about cryptocurrency can be overwhelming,” says Romero. “There isn’t a simple resource for understanding the fundamental principles behind the technology.”

The updates come after Coinbase revealed a new process for listing assets and announced its intention to develop more educational tools for customers.

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