The largest US digital currency exchange, Coinbase, has introduced a new way for its customers to buy cryptocurrencies.
The San Francisco-based company announced yesterday in a blog post that it was rolling out a product called Coinbase Bundle, which would allow its customer to purchase a basket of the five digital currencies – Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC) and Litecoin (LTC) – currently supported on the platform. The amount of each cryptocurrency in a particular bundle is proportional to that coin’s current market capitalisation, as calculated by Coinbase. The bundles start at $25, £25 or €25.
“Once a bundle is purchased, the underlying cryptocurrencies are stored in their respective wallets and behave just like separate cryptocurrencies in your Coinbase account,” Dan Romero, vice president and general manager of Coinbase Consumer, explained. “You can buy, sell, send and receive each cryptocurrency as an individual asset. Coinbase Bundles begin rolling out today, and will be available to customers in the US and Europe over the coming weeks.”
Coinbase Bundle is part of a larger push by the company to ease newcomers into the world of digital currencies. Along with the bundles, the firm is also releasing two products aimed at educating people about digital assets. The first of those is a set of informational asset pages for the top 50 digital coins by market capitalisation. The product, dubbed Coinbase Asset Pages, will be available to anyone, not just to Coinbase customers.
The company has dedicated a section of its website to its other educational product, Coinbase Learn, which is aimed mainly at people new to digital currencies.
“The questions and answers in this portal are inspired by customer research and vetted with people totally new to cryptocurrency with the goal of helping anyone decide with confidence whether buying cryptocurrency is right for them,” Romero wrote.