United States-based crypto exchange Coinbase has stopped offering Coinbase Bundle crypto investment. A look at Coinbase’s updated FAQ will reveal this.
Coinbase Withdraws one product
The platform is yet to reveal the reason for stopping the product which was launched in 2018. The Exchange just notified users that:
“Coinbase Bundle purchases have been deprecated, as such all assets purchased in the Coinbase Bundle have been redistributed to their respective individual asset wallets.”
Coinbase also said that while users will no longer see a standalone wallet for their Coinbase Bundle purchases, the amount of cryptocurrencies bought as part of the package will not have changed.
Coinbase Bundles has been designed to purportedly simplify cryptocurrency trading and draw new investors into the sector.
Inside this week, Coinbase released aggregated data in the form of three trading signals designed to offer investment insights for its customers: top holder activity, typical hold time and popularity, and price correlation.
The exchange also published its key findings about awareness and adoption trends related to cryptocurrency in the U.S. in June which revealed that 58% of Americans have heard about Bitcoin.