Exchange Coinbase launched two applications for novice traders


The American Currency Exchange Coinbase has introduced several new services for novice investors. In particular, they allow investing money in several popular coins, writes TechCrunch.

The actions of novice traders are a big problem for the market. They are often a victim of fraud, investing in shitkoins, or in a panic withdraw funds with the fall of coins. Basically, the whole thing in the initial amount of entry - many novice investors are investing significant amounts of money in an unknown industry and are very afraid of losing them.

Coinbase in its Bundle service offers to invest only in proven digital assets - Bitcoin, Efirium, Lightcoin, Bitcoin Cash and Ethereum Classic. The minimum investment amount is 25 dollars.

The application acts as a kind of aggregator of purses - users do not need to create a separate for each coin. This approach will simplify the trade and allow newcomers to quickly understand the really important issues, rather than trying to register and set up a purse, note the company.

The second service, Coinbase Asset Pages, is an educational platform. It displays the 50 largest caps on the capitalization, as well as the dynamics of their growth or decline. The service provides links to proven training materials on cryptotrading and the basics of digital money.

Perhaps, by launching new services for novice traders, the exchange is trying to attract new users. In June, it became known that the number of clients of the trading platform fell along with the crypto-currency market.

Since December 2017, when Bitcoin’s rate reached $ 20,000, the Coinbase application was one of the three most downloaded in the category of finance in the US. Along with the fall of the first crypto currency, the rating of the application also declined. Now it is at the fortieth place in the list.