New Coinbase Tools for Beginner Traders 

New Coinbase Tools for Beginner Traders 

Coinbase has announced that it is adding three new services to its platform: Coinbase Bundle, asset pages, and Coinbase Learn. The purpose of these services is to give beginners more understanding of the ongoing processes and basic knowledge. 

The first of these services is perhaps the most interesting. It provides the user with the opportunity to invest in a package of five coins. Coinbase states that the percentage of coins in a package is proportional to their market share (market capitalization) at the time of purchase. This means that the best five coins at the time of purchase will be included in the package. Coinbase then automatically invests in these cryptocurrencies (on behalf of the client) based on what percentage of the market they have. If Coinbase allows new coins to be listed, the package will always be formed taking into account these new coins if they are the best according to the market weighted average at the time of purchase. 

Whether an investor is a professional or a beginner, he should always research coins and initial coin offerings (ICOs) before investing his money in them. The second Coinbase service will help investors with this - asset pages, which provide detailed information about tokens. Many exchanges offer similar services through which an investor can obtain information about coins of interest on the exchange's website.

Coinbase Learn provides educational information. With this service, an investor can get any information about cryptocurrency, from the simplest to the most complex, as well as information about the most productive coins. By increasing user knowledge, Coinbase hopes to help customers make more informed choices when purchasing digital assets.

It should be kept in mind that while the exchange's good intentions, the purpose of these services is to encourage customers to trade cryptocurrency. Therefore, an investor may and should want to explore alternative opinions about the tokens on offer and the market position to get a more complete picture. 


According to https://thenextweb.com/

You May Also Like

32018-10-16

Coinbase opens office in Dublin

The American exchange Coinbase is going to conquer the European market, given the high demand of European clients for crypto platform services, and is opening a representative office in Dublin. (Ireland)

Stock
12018-12-19

Japanese exchange Coincheck will receive a license at the end of the year

According to local news source Nikkei, Japan's Financial Services Agency (FSA) intends to issue a license to cryptocurrency exchange Coincheck.

Stock, Regulation

Latest articles from Stock category

Fresh video on our Channel