Published on June 14th, 2018 | by bitcoin0
New Additions to the Coinbase: Crypto Index Fund and the Ethereum Classic
The San Francisco–based exchange announced on Monday, June 11, its intention to add Ethereum Classic to its trading platform and then quickly followed the news on Tuesday with the official opening of a crypto index fund.
Ethereum Classic In May of 2016, The DAO, a decentralized autonomous organization and venture capital fund, raised a sum of $150 million for investment in smart contract projects built on the Ethereum blockchain.
In each case, Coinbase has followed a systematic preparation process, a trend that will continue with the addition of Ethereum Classic.
Via the Coinbase blog: We will now begin the engineering work (Step 4) for supporting Ethereum Classic.
The Index Fund On the heels of this news, Coinbase reported yesterday that its crypto index fund, first announced back in early March, is now open for investment.