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Coinbase Stops Offering Its Crypto Bundle Services To Users

ยท in Breaking, Crypto News
Carlos is an international relations' analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.

Coinbase, one of the largest and most popular exchanges in the market and in the United States, took the decision to discontinue its crypto bundle services for users. The information can be seen on the exchange’s FAQ website

Coinbase Bundle Dismantled

Coinbase Bundle, a useful and popular service for users to purchase a basket of cryptocurrencies, has been dismantled by the exchange without informing users. The digital currencies available to purchase using the bundle service included Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) and Ethereum Classic (ETC). 

It was possible for investors to purchase these virtual currencies at once with an investment as small as $25 for U.S. users or its nominal equivalent in euro and British pound. 

The Coinbase Bundles FAQ website reads as follows:

“Coinbase Bundle purchases have been deprecated, as such all assets purchased in the Coinbase Bundle have been redistributed to their respective individual asset wallets.”

Users will still be able to view the Coinbase Bundle history and purchases through the Tools and History tabs. Nonetheless, the purchase will no longer be available to view in the Accounts section. The assets that users held on their Coinbase Bundle will now be places into their individual wallets. Although this might look uncomfortable for individuals, the exchange claims that this is just a “cosmetic change.”

The main goal behind the Coinbase Bundle was to help users have a diversified portfolio in a fast and easy way. The main question is whether Coinbase is planning to improve the service, add new coins or just discontinue it completely. 

Coinbase has recently decided to release aggregated data in terms of three trading signals that aim at helping investors make decisions in the crypto market. These new features include top holder activity, typical hold time and popularity of virtual currencies on the Coinbase platform. This gives a better idea of what traders are doing on the Coinbase exchange. 

According to data provided by CoinMarketCap, the exchange is the 34th largest in the market in trading volume moved in the last 24 hours. The exchange handled through Coinbase Pro more than $383 million with BTC/USD, LTC/USD and ETH/USD being the most traded pairs at the platform. 

The crypto exchange Gemini is currently offering the possibility for users to purchase a basket of currencies according to their market capitalization. 

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