crypto money news

GDAX trading is one of several sources investigating the valuation of Bitcoin price against fiat. Most of the crypto money business is based on trading against fixed price Tether tokens. The cryptographic fund established by Coinbase is thought to contribute considerably to the development of the market.Coinbase, the largest cryptographic exchange company in the US, announced in its statement that the coinbase index fund, which is formed by the weighting of all crypto assets listed in CoDbase's trading platform, GDAX, is on the market.The announcement came from Coiffbase COO Asiff Hirji, who was invited to CNBC's Fast Money program under the title "A big statement that will shake the world of cryptography forever." Hirji said that both the fund and the index would be ready in a short period of time:"Is easy to use. Thanks to the fund we have, it will be fairly simple to reach crypto entities. "According to Asiff Hirji, the fund will look like a stock exchange fund (ETF) when it comes to equity. Coinbase's crypto index fund will target individual investors but will also be able to use institutional ones. However, initially, only the accredited US investors will be able to buy. The accredited investors in the US are individuals with high income levels. And their annual income has net assets above $ 200,000 or above $ 1 million outside of housing.The Fund will follow the Coinbase Index, benchmark data that measures the market value of GDAX's cryptographic currencies. These crypto payments mainly consist of Bitcoin, Bitcoin Cash, Litecoin and Ethereum. When Coinbase adds new crypto currencies approved by COO Asiff Hirji, they will be automatically listed in the fonda.