Coinbase: More details about their Index Fund

in cryptocurrency •  7 years ago  (edited)

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Coinbase to offer crypto index fund:

Just a little update from Coinbase on Twitter, pertaining to my post from yesterday.

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I was poking around the links provided and it is clear Coinbase means business, this index is soliciting big money. Look at the registration link, you have to provide KYC data but also say how much you want to invest... This isn't small potatoes.

$10,000 - 50,000 is tier one!

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I'm excited for what this will mean for crypto. What do you think? Will this inspire new investment and growth? Is this meaningful our mundane?

Love to hear your thoughts?

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I think this will create a lot of news! Along with new investors learning more about the market so it could help a lot more

Pienso que sera un gran paso que dejara marca para todos.. A favor y beneficiándonos. Gracias amigo.

I would have liked to put something into that fund except you have to be an accredited investor to get involved. That means you have to have an annual income of $200,000+ or net worth of over $1 million. I was really close, but didn't quite make it. What is $4 plus the amount in my steemit wallet? Thats almost there, right?! :)

I do think it will spur more growth because it will make it easier for casual accredited investors to get involved in the space. More money in crypto will mean more demand which should bolster the prices... at least to a certain extent.