What is a cryptocurrency index fund? Cryptocurrency index funds are a way for curious investors to gain exposure to crypto assets without having to invest in and hold a particular coin or token. Here’s everything you need to know about this growing trend among investors.

The following article is for educational purposes. It is not investment advice.

What Is a Cryptocurrency Index Fund?

It’s a type of index fund, which is a type of mutual fund, for cryptocurrency investing. In other words, it’s an investment portfolio designed to provide a wide market overview at a low cost. This translates to passive investment for long-term gains, not day trading.

Different Types of Funds

Active vs Passive Management
There are two types of cryptocurrency index funds: active or passive. Active ones actively trade cryptocurrencies while passive ones hold, or hodl, certain coins and tokens on your behalf.

Those that List all vs Select Cryptocurrencies 
Most cryptocurrency index funds only invest in the highest market cap coins and tokens, though some capture the whole market. The way they choose tokens differs, too. For example, how do they take market cap, liquidity and price into account?

Manual vs Automated
Some cryptocurrency index funds have the option to manually select and weigh each cryptocurrency. Others will create a basket of coins and tokens on your behalf based on your desired returns and their predictions.

Advantages

Reduced Risk
Cryptocurrency index funds diversify investors’ portfolios. Holding different coins vs tokens minimizes investors’ exposure to the volatility of the cryptocurrency market.

The logic is virtually identical to that behind the use of mutual funds. Like investing in a single company, investing in a single coin increases risk. Conversely, investing in diverse assets spreads that risk around.

Simplified Cryptocurrency Investing
Investing smartly in the dynamic crypto space requires constant attention to the market and research. Storing assets securely in hot vs cold wallets, on or off exchanges, and tracking their performance is also time-intensive.

Cryptocurrency index funds handle this much of this overhead so investors do not have to.

More Predictable Performance
Like any asset pool, they’re specialized for tracking the performance of the market and reallocating investments to maximize portfolio returns. Instead of relying on the time and resources of one person, they are an organization presumably with a staff and algorithms that track market data.

Fewer Trading Fees
Though they have their own fees, the larger and more active your trading portfolio, the more economical a professional service could be. Though it may not matter for infrequent investments, how Coinbase makes money comes down to their significant fees.

Disadvantages

Unique cryptocurrency index funds will have disadvantages depending on your investment strategy. For example, some may prioritize liquidity over long-term gains.

Lack of Liquidity
Though cryptocurrency index funds differ when it comes to liquidity, a common criticism is that withdrawing funds isn’t that easy. In some cases, investors have to invest in a token, which represents part of the pool. Therefore, converting those gains back into USD takes another step.

Price 
They have different levels of management, but this can come with fees. For example, Bitwise charges 2.5% in annual management fees, which can be a lot depending on the size of your portfolio. Of course, pools with less management have lower fees. Again, for frequent and high volume traders, it might be a more affordable option.

Barrier to Entry  
Cryptocurrency index funds are only available to accredited investors. This means someone who is legally allowed to buy and trade securities, per SEC regulations. Specifically, an accredited investor has made over $200,000 in the past 2 years or has a net worth of over $1 million.

Additionally, you have to invest a significant amount of capital to join a fund. For example, Coinbase Index Fund has a minimum investment of $250,000.

Exchange-traded funds (ETFs) and these funds are different. ETFs work on the stock exchange and trade during the day. According to SEC announcement, ETFs provide more liquidity. Additionally, they typically have a lower barrier to entry than cryptocurrency index funds, or any type of mutual fund.

Conversely, index funds require less management on an investor’s part day-to-day.

Best Cryptocurrency Index Funds

The following asset managers are the current industry leaders. Here’s what you need to know about each.

Bitwise Asset Management

Founded in 2017, Bitwise was the first cryptocurrency index fund. Bitwise holds the top 10 cryptocurrencies based on their 5-year diluted market cap, according to their SEC filing. The company readjusts the fund’s holdings monthly and claims it stores all assets in 100% cold storage, meaning they’re offline.

Historically, the Bitwise cryptocurrency index fund has outperformed Bitcoin alone.

Bitwise is technically an asset management service. It has several cryptocurrency pools within it. These include:

  • 10 Private Index Fund
  • 10 Index Offshore Fund
  • Digital Asset Index Fund

Coinbase Index Fund

Coinbase launched their own cryptocurrency index fund in 2018. Unlike Coinbase the wallet and exchange, it’s only available for accredited investors and requires a minimum investment of $250,000. It has a 1% management fee.

According to their own calculations, the Coinbase index has performed better than Bitcoin price since they launched the company in 2015. It includes:

  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Ethereum (ETH)
  • Ethereum Classic (ETC)
  • Litecoin (LTC)

Iconomi

Iconomi is a fund without a barrier to entry. In other words, anyone can invest through their platform in a variety of coins and tokens. Unlike Coinbase, which focuses on a limited number of high market cap coins, Iconomi includes utility tokens and lesser-known digital assets.

Investors can select between low, medium and high risk.

Institutional Investment in Crypto

Index funds are bringing traditional approaches to investment into cryptocurrency. This means paying a management fee for a company to create a coin and token portfolio.

Investors can specify risk level and what types of cryptocurrency they’re most interested in. Do they prefer high market cap coins or security tokens? And how much do they want to customize their portfolio?

Overall, they’re for professional investors—which typically means accredited investors and people who would otherwise pay a lot in cryptocurrency transaction fees.

*This post is credited to Blocklr

No one knows how long cryptocurrencies will last, but it’s a decent bet they might outlast you. Passing your digital holdings on to loved ones after your death isn’t as simple as bequeathing cash or other property, though, particularly since wills aren’t designed for confidential information.

Because a private key is all that’s necessary to transfer funds from a wallet, including it in your will might be a terrible idea. “I would strongly advise against anyone putting any information they consider private into their will,” says estate planning attorney Gordon Fischer. “Wills, after your death, become court documents and are generally public documents, accessible by anyone.”

A private key is like an unchangeable password, which is generated when you create a new cryptocurrency wallet. It should always be kept as safe and secure as possible.

Although a will might not enter public records immediately, it’s unwise to risk exposing the keys to your crypto wallets at all. Your family might not recognize the significance of a private key right away, and by the time they do, your digital wealth could be pilfered by crafty crooks or other unsavory characters. Fischer notes that trusts, however, are “generally private documents.”

With conventional assets, there’s an established procedure for claiming them through probate court, but with cryptocurrencies the process is less certain. Complicating matters is that many cryptocurrency exchanges don’t let their customers name beneficiaries. Coinbase, the largest trading platform, puts the burden on the heirs to claim any assets left by the deceased (so, hopefully your family knows which exchange you use). Another major bourse, Gemini, declined to comment for this story.

Of course, the problem isn’t confined to the cryptocurrency world: Popular stock trading app Robinhood, which recently began offering crypto trading, doesn’t offer basic beneficiary support. Sadly, as a result, proving that heirs are entitled to crypto inheritance could quickly become a protracted legal nightmare.

There’s no perfect solution for delivering crypto from the crypt. On the bitcoin subreddit, some have suggested dividing portions of your private key among trusted advisors and loved ones. After your passing, they can piece them together to access the associated wallet. (Just make sure not to cross them while you’re still alive!)

It’s still a mystery how many bitcoins have been lost due to people passing away without a plan in place for their cryptocurrency. Overall, industry experts say that between 2.3 million and 3.7 million bitcoins have been lost for a variety of reasons—at current prices, that’s worth between $15 billion to $24 billion.

Although cryptocurrencies are often championed as a tool for financial self-sufficiency, the challenge of bequeathing bitcoin demonstrates how much we must trust one another, in life and death. Just plan ahead, so you can share your bitcoin from the beyond.

*This post is credited to NextGov

Patents are complex legal documents that are used in modern business for protecting important pieces of intellectual property. While they are applied in pretty much all branches of today’s industry, they are especially popular when it comes to emerging technologies.

As such, many were in a rush to patent as many aspects of the blockchain technology as possible. The result is today’s situation, where all the largest financial services companies in the world are struggling with blockchain patents. Naturally, some are more successful than others, but all of them are in a rush to change and control the new tech.

Blockchain Patenting Game

Blockchain technology is still considered to be in its infancy, but even so, it holds a lot of potential to completely change the way business is done in modern times. It can safely store data, and protect it from being altered and manipulated. As such, it can seriously impact every branch of today’s industries, and at the same time, it continues to constantly grow and evolve.

Whenever a new breakthrough is made, or a new use case is found, large companies return to the struggle of getting a patent for it. Back in 2017, different companies in the United States alone managed to file over 190 blockchain-related patents.

So far, these patents have been split into two different types, or categories — blockchain specific and cryptocurrency specific patents. Cryptocurrency specific patents are mostly owned by crypto startups and individuals, while blockchain specific patents are usually owned by companies like the Bank of America, IBM, and others. Most of such patents are coming from China, which has filed around 600 of them in 2017 alone.

7 Largest Patent-Holding Companies Right Now

1. Nasdaq

There are numerous companies that hold blockchain specific patents in the world, but Nasdaq is currently the only stock exchange among them. It has a market cap of $6.8 trillion, which makes it the second-biggest stock exchange in the world. It also makes it one of the most important adopters of this technology on this list.

The company filed a patent for an exchange system based on blockchain technology back in 2016. They also filed one for a blockchain-based data matching system recently. The company is using this technology in order to create a new cloud platform based on the blockchain, called Linq. The platform would combine Nasdaq’s exchange with the financial network of Citi Group in order to allow investors to trade securities.

All of this is being done under the supervision of Chain, another blockchain firm which is based on the cloud technology.

2. Qualcomm

Officially, Qualcomm describes itself as a mobile tech firm. However, many have an alternative description for them, which is “patent trolls”. These are firms that are filing patents only so that they can license them and demand a payment from other companies that wish to use them. Apple is one of the firms that seemingly fell into this trap, and is currently suing Qualcomm because they demand a percentage of Apple’s iPhone sales.

PateSnap claims that Qualcomm has more than 46,000 patents at the moment, with 100,000 being still in form of an application. Most of them are in the area of digital information transmission, which also includes blockchain technology.

3. Coinbase

Next, we have Coinbase, the leading crypto exchange, which is also based in the US. Apart from being the largest exchange, Coinbase is also a leader among the exchanges in regards to the number of filed patents. Many would describe the Exchange’s relationship with patents as ‘complicated’. This is due to the fact that they even decided to sign a Patent Pledge, which forbids them to use patents against firms with fewer than 25 employees.

Additionally, the exchange’s CEO, Brian Armstrong, explained their decision to patent blockchain. He claims that the Bitcoin community was created on the idea of openness, as well as that of decentralization. Because of this, patenting this technology is not exactly the right way to go. Still, the creation of a tech business cannot be done without obtaining patents, which is why the exchange does it anyway.

Coinbase simply wants to protect itself from patent trolls such as Qualcomm.

4. Fidelity

Fidelity is also actively working on patenting as much of the blockchain as possible. Thanks to their efforts and careful calculations, the company is currently managing around $6.9 trillion in customer assets. This makes Fidelity the fourth largest company when it comes to managed capital.

They also recently partnered up with Coinbase, meaning that their users will likely have the ability to combine their Fidelity investments with their crypto investments.

5. Mastercard

Next, there is Mastercard. This is one credit card company that takes blockchain development extremely seriously. They offer two different services at the moment, which are Smart Contract API and Blockchain Core API. Smart Contract API allows users to write their own smart contracts, while the other one allows businesses to use Mastercard’s network for processing blockchain-based transactions.

These transactions are often much faster thanks to Mastercard’s own, specially developed new technology.

The company filed a patent back in July of this year, and it concerns a new way to process cryptos via the same framework that is being used for fiat currencies. This would speed up transactions even more, while it would simultaneously reduce the risks since this technology has had decades to properly develop and grow to perfection.

6. IBM

Nearing the end of the list, we have IBM. IBM has a long history of investing in the blockchain, and they share the second place regarding the number of patents with previously discussed Mastercard. In fact, IBM has filed around 9,043 patents in 2017 alone. They also cover the new method of safely accepting payments from untrusted parties via the blockchain.

The company’s Blockchain Platform has more than 400 customers at the moment, and it relies on special tools used for creating a business-specific blockchain. Their most recently accepted patent proposes a new system that would make database managing easier and more efficient. Of course, it would be done via the blockchain.

7. Bank Of America

While this list has had some firms with an impressive number of patents, none of them has filed more patents in 2017 than the Bank of America itself. The company’s CTO, Catherine Bessant, recently stated that they have just under 50 patents in the blockchain technology.

This is all a part of their plan to acquire as much intellectual property as possible. They understand that owning the right technology will give them the competitive edge in the world of finances. As such, the blockchain is likely at the top of their wish list.

Despite this, the Bank remains firmly against Bitcoin, and they even banned its purchase earlier this year. This will likely remain so until they can create their own crypto wallet and find a way to charge their own fees for using digital currencies. Obviously, despite the BTC ban, they are still working hard on entering this space, and they even filed a patent on a new crypto transformation system about a year ago.

Which Company Has Filed The Most Patents?

As mentioned before, firms that are the most interested in filing blockchain specific patents are usually those from the financial services industry. According to data from Envision IP, around 124 blockchain patents in the US are filed by only 5 firms. The biggest ones among them are Fidelity, Bank of America, and Mastercard — all of which are financial services companies.

While it might seem strange that companies like Facebook and Google have not entered the rush with the same enthusiasm, there is a reason for that too. The reason is that this technology is currently in a state that best suits banks and credit card companies. In its current form, it is perfect for keeping records and sending payments, which is exactly what firms like these need.

*This post is credited to BitcoinExchangeGuide

Cryptocurrency exchange Coinbase CEO Brian Armstrong predicts the number of  people in the cryptocurrency ecosystem to grow from the current 40 million to 1 billion in the next five years, TechCrunch reported September 7.

In an interview with TechCrunch, Armstrong projected that the crypto ecosystem and the total number of digital currencies will grow substantially, attributing the growth to commercial organizations which develop their own tokens. The tokens would reportedly function together with equity as an alternative investment system. Armstrong explained:

“It makes sense that any company out there who has a cap table should have their own token. Every open source project, every charity, potentially every fund or these new types of decentralized organizations [and] apps, they’re all going to have their own tokens.”

Addressing the issue of regulation as one of the crucial factors for implementing his vision, Armstrong called it “a big open question,” and noted that it remains to be seen whether the majority of tokens will be recognized as securities. He said that Coinbase does “feel a substantial subset of these tokens will be securities.”

Armstrong added that Coinbase could host hundreds of tokens within “years” and potentially “millions” in the future.

In order to become a fully-regulated broker-dealer and “offer future services that include crypto securities trading, margin and over-the-counter trading,” Coinbase acquired securities dealer Keystone Capital Corp. in addition to Venovate Marketplace, Inc., and Digital Wealth LLC. The acquisition could help the company subsequently expand into non-crypto financial products.

Yesterday, Coinbase announced it will launch trading of four more cryptocurrencies for the U.K. pound sterling (GBP). British customers will now be able to trade altcoins Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC) and Bitcoin Cash (BCH) for GBP, in addition to the existing Bitcoin (BTC).

*The post is credited to TheBitcoinNews

LinkedIn has been keeping its finger on the pulse of the United States’ most thriving startups, and crypto organizations are showing tremendous signs of life — and growth.

The business and employment social media site released its LinkedIn Top Startups list this Thursday, September 6, 2018. Split into two articles, the list details the U.S.’s most dominant startups, weighing each company’s worth with in-house data that looks at “employee growth; jobseeker interest; member engagement with the company and its employees; and how well these startups pulled talent from [the company’s] flagship LinkedIn Top Companies list.” To be eligible, companies could be no older than seven years and must have had at least 50 employees.

Crypto Companies Take Top Spots

Interspersed between the expected ilk of general tech and software startups, cryptocurrency and blockchain companies had an impressive showing among their mainstream industry peers.

Coming in just behind Uber adversary Lyft and low-calorie ice-cream company Halo Top Creamery, respectively, Coinbase ranked third on the list. In describing the six-year-old cryptocurrency wallet and vendor, LinkedIn notes that its services house over 20 million accounts — twice the number of clients Charles Schwab has on its books. At 500 employees strong, the company hopes to double its manpower by year’s end.

Right behind number six — stock-trading service Robinhood (which, while not focused on cryptocurrencies, does offer crypto trading) — comes Ripple. With over 100 clients, the blockchain-based banking platform delivers its services to institutions like Santander, RBC and American Express. The company of 250 employees hopes to add 75 more by 2019. Slinging a bit of mud, the company boasted to LinkedIn that this dedication to expansion — along with an impressive clientele — is what distinguishes Ripple from other crypto startups that are “playing in the sandbox.”

Down the List, Crypto Still Finds Its Place

Outside of the top 10, the Winklevosses’ Gemini straddles the list’s upper and lower division at 25. LinkedIn highlights the Winklevosses’ hitherto unsuccessful attempts to list a bitcoin ETF, as well as their spearheading of an SRO (self-regulatory organization) for cryptocurrency exchanges. Among its 150 employees, the description draws attention to Robert Cornish, Gemini’s newly acquired CIO, whom it “poached” from the New York Stock Exchange.

Just below Gemini, Ethereum incubator ConsenSys tops the latter half of the rankings. Ethereum co-founder Joseph Lubin heads the organizational body, and its impressive staff of 965, the largest of any of the crypto companies surveyed, is spread across departments for technological development, consulting, education and investing. Earlier this year, the company partnered with Amazon to launch Kaleido, an enterprise-grade, blockchain software-as-a-service kit available on Amazon Web Services.

At 47, Axoni, a fintech firm focused on blockchain and distributed ledger technology, brings up the rear as the last crypto-related company on the list. Founded in 2013, the 50 employee company is starting to make a name for itself, as an infusion of $32 million in venture capital from market heavyweights like Goldman Sachs, Nyca Partners and Andreessen Horowitz has given the fledgling firm expectations to live up to.

A detailed version of LinkedIn’s terminology, along with qualifiers and exceptions, reads as follows:

LinkedIn measures startups based on four pillars: employment growth, engagement, job interest and attraction of top talent. Employment growth is measured as percentage headcount increase over one year, which must be a minimum of 15%. Engagement looks at non-employee views and follows of the company’s LinkedIn page as well as how many non-employees are viewing employees at that startup. Job interest counts what rate people are viewing and applying to jobs at the company, including both paid and unpaid postings. Attraction of top talent measures how many employees the startup has recruited away from LinkedIn Top Companies, as a percentage of the startup’s total workforce. Data is normalized across all eligible startups. The methodology time frame is July 1, 2017 through June 30, 2018.

To be eligible, companies must be independent and privately held, have 50 or more employees, be 7 years old or younger and be headquartered in the country on whose list they appear. We exclude all staffing firms, think tanks, nonprofits, accelerators and government-owned entities.

*This post is credited to BitcoinMagazine

European crypto card provider Wirex has been awarded an e-money license by the Financial Conduct Authority in the UK. The accreditation will allow the company to create e-money accounts in more than two dozen different currencies. Wirex hopes to secure similar licenses in Asia and North America.

Wirex to Create E-Money Accounts in 25 Currencies

Wirex Limited, a major provider of cryptocurrency debit cards in Europe, has been granted an e-money license by the Financial Conduct Authority. The watchdog regulates over 56,000 companies and 125,000 approved persons in the United Kingdom.

In a tweet, Wirex says it is only the third company to have received the license so far and notes the importance of the development. It explains in a post published on its website that “gaining the FCA license will open up a much broader market,” giving the platform an opportunity to create e-money accounts in over 25 different currencies.

The fintech firm also revealed it is currently developing offerings in Asia, including Singapore and Japan, as well as in North America. It did not say, however, when exactly users in these markets will be able to take advantage of its services. According to previous reports, its contactless cryptocurrency cards were supposed to be launched in Asia during the second quarter of 2018.

The London-headquartered company became the first to reintroduce crypto debit cards in Europe after they were suspended by Visa last year. It offers both virtual and physical cards in around 30 countries from the European Economic Aria. Wirex started shipping the plastics to customers in the UK and Europe in May.

The cards initially supported bitcoin core (BTC), litecoin (LTC) and instant exchange with GBP, USD, and EUR. Last month Wirex announced the addition of ripple (XRP). The cards come with a chip and Cryptoback rewards. The virtual Visas offer deposits in a number of altcoins through a proprietary wallet. Wirex claims it has 1.8 million clients and says it has facilitated transactions worth $2 billion.

Bringing Crypto to the Mainstream

The company expects the new accreditation to boost trust in its platform and improve its reputation on the global stage. “Acquiring an FCA license has been our ambition since we started the company, so we’re thrilled to be at this point,” said Wirex co-founder Dmitry Lazarichev. “The license gives us the freedom to optimize our e-money offering, which will lead to lower costs and fees for our customers,” he detailed in a press release.

According Wirex’s other co-founder, Pavel Matveev, the company has a robust approach to security and compliance and is working closely with regulators around the world. “We’re on a path of continuous improvement and focusing on these important milestones is key to achieving our ambitious global expansion plans. The FCA e-money license is just the first step to creating a broad and versatile offering that meets the varying needs of consumers worldwide,” he said.

Matveev expressed his satisfaction with the FCA accreditation and emphasized that Wirex wants to bring cryptocurrencies into the mainstream while providing a solution for managing both crypto and fiat funds. The UK-based crypto company noted that the license has taken 9 months to acquire. It seems the long application process has been worth it as Wirex believes the internationally-recognized credentials from the British regulator will help assure customers the platform is maintaining high compliance standards.

Wirex’s FCA license is the last in a series of positive crypto developments in Great Britain. Last week, Crypto Facilities, a crypto futures exchange regulated by the same authority, announced the launch of the first bitcoin cash – dollar (BCH/USD) futures. In early August, US-based crypto exchange Coinbase revealed its UK customers will be able to buy cryptocurrencies with British pounds (GBP). According to a recently published report, the United Kingdom has what it takes to become a leader in the crypto industry.

*This post is credited to Bitcoin News.

Today, we are seeing numerous fiat currencies failing in places like Turkey, Argentina, Venezuela alongside an overvalued stock market. With these issues running in the background, it is not surprising that more people are becoming aware of cryptocurrencies and are interested in getting exposure. Usually, the first question crypto newcomers ask is ‘which cryptocurrency exchange is the best?’ We’ll jump in and take a look at the biggest cryptocurrency exchanges in the market today:

#1 Coinbase

Coinbase is the most popular way for newcomers to enter the cryptocurrency markets. The truth is that there are not many reputable exchanges out there that accept regular currency deposits. The main reason behind this is the massive amount of regulatory compliance required to accept fiat currencies and trade them for cryptocurrency.The result is that Coinbase dominates the market as a fiat to crypto gateway and now serves over 20 million customers. In fact, Coinbase now manages more accounts than the Fidelity investment firm.Coinbase certainly isn’t going to win any awards for having the lowest fees or boasting the widest range of cryptocurrencies. However, Coinbase does make buying cryptocurrencies as simple as possible. The platform has been designed to be exceptionally straightforward to use and also has an amazing app.What Coinbase offers customers is convenience, simplicity, and safety. In the wild west landscape of cryptocurrency, these are usually things that cryptocurrency newcomers are willing to pay higher fees for.

#2 Binance

Most people first enter the crypto markets using Coinbase. However, many investors are interested in diversifying their cryptocurrency portfolios. This is pretty much impossible on Coinbase because you can only buy Bitcoin, Bitcoin Cash, Ethereum, Litecoin or Ethereum Classic on the exchange.The truth is that many investors are searching for the ‘next Bitcoin’ and getting exposure to coins with higher profit potential. This means buying more exotic altcoins, necessitating a different cryptocurrency exchange to buy them. This is usually when people find out about Coinmarketcap and look for the most popular exchange to buy these riskier cryptos. Naturally, the majority of people are attracted to the biggest cryptocurrency exchange by trading volume on Coinmarketcap and therefore end up on Binance.The Binance exchange has a massive amount of trading volume, offers access to over 100 different cryptocurrencies and is the most popular exchange to get access to riskier crypto assets. You should know that, at present, Binance only accepts deposits in cryptocurrency and has significantly lower fees than Coinbase.Binance’s stellar reputation, low fees and a wide selection of cryptocurrencies make it one of the biggest and best exchanges out there. It also has a top-rated mobile app too and is perfect for anyone needing to buy or sell cryptocurrencies on the go.

#3 Bitmex

Binance has the biggest trading volume for buying and selling actual cryptocurrencies. However, Bitmex has nearly three times the trading volume on their Bitcoin derivatives market.Bitmex is not the place for inexperienced crypto traders to go ahead and create an account. The exchange offers sophisticated futures contracts on cryptocurrencies like Bitcoin. This allows investors to bet on the price going either up or down. Not only this, but Bitmex allows leverage trades of up to 100x. This means if the price of Bitcoin goes up 10%, there will be traders on Bitmex gaining 1000% returns.Needless to say, leveraged trading is exceptionally risky. However, Bitmex is the most popular cryptocurrency exchange for investors to gain access to this type of service.

#4 eToro

Let’s face it, actually buying cryptocurrencies is pretty tricky and time-consuming. Once investors buy cryptocurrency, they then have to work out how they want to store it. Usually, this ends up with an investor spending even more time setting up cryptocurrency wallets and trying to work out how to withdraw their coins from an exchange.Many people just want the easiest way possible to get exposure to cryptocurrency prices. This is where a contract for difference broker like eToro comes in. In short, these types of brokers allow you to buy and sell contracts backed by actual cryptocurrency. This means investors get exposure to the price movements of the cryptocurrency market, without having to worry about how to store their crypto.eToro also gives you access to more cryptocurrencies than Coinbase and allows customers to buy or sell coins including Ripple, Dash, Neo, Ethereum, Stellar, Bitcoin, Ethereum Classic, Bitcoin Cash & Litecoin. Not only this, but eToro is fully regulated and balances are covered by official Financial Services Compensation Schemes. This makes eToro one of the safest and most convenient ways to get exposure to crypto markets.eToro has been around for a while and was established in 2007 and has gathered over 6 million users since. The broker also has a special copy trading feature that allows you to search the most successful cryptocurrency traders on the platform and copy their trades. Many investors find copy trading exceptionally useful and prefer it to actually managing their cryptocurrency positions themselves.Final WordThere you have it, the biggest and best cryptocurrency exchanges in the world. Of course, the most beneficial crypto exchange for you is a personal choice and will depend on your own circumstances.

 

*This post is credited to Defpen.

 

  • Facebook’s blockchain boss David Marcus is leaving the board of crypto startup Coinbase.
  • His departure is a signal that the social networking giant’s secretive blockchain efforts are progressing.
  • “Because of the new group I’m setting up at Facebook around Blockchain, I’ve decided it was appropriate for me to resign from the Coinbase board,” Marcus said in a statement.

In a sign that Facebook’s secretive blockchain effort is progressing, David Marcus, the head of that project, announced he’s leaving the board of $8 billion cryptocurrency startup Coinbase.

Marcus joined Coinbase’s board in December 2017. His decision to resign “was made to avoid the appearance of a conflict of interest,” a Coinbase representative told CoinDesk, which first reported the news. The representative did not elaborate further to CoinDesk, and a Coinbase representative did not respond to Business Insider’s request for more information.

“Because of the new group I’m setting up at Facebook around blockchain, I’ve decided it was appropriate for me to resign from the Coinbase board,” Marcus said in a statement provided to Business Insider by a Facebook representative.

Coinbase CEO Brian Armstrong thanked Marcus for his service in a separate statement.

“David Marcus has been a wonderful addition to the Coinbase board, providing valuable perspective and mentorship,” Armstrong said in the statement.

Facebook may be planning its own payments network

Marcus’ move follows a report from Business Insider that Facebook has met with cryptocurrency payment technology startup Stellar. That move may indicate it plans to set up its own payments network.

Facebook’s blockchain team was first announced at the company’s F8 conference in May 2018. Marcus, a high-profile executive who previously led the company’s Messenger team and, prior to that, had served as president of payments firm PayPal, was appointed to lead the project.

Marcus is one of several heavy hitters Facebook has assigned to the effort, which some observers have interpreted as an indication of just how serious the Silicon Valley giant is about it. In addition to Marcus, the blockchain team includes Kevin Weil, the former head of product for Instagram; James Everingham, Instagram’s former head of engineering; and Evan Cheng, one of Facebook’s veteran senior engineers.

Beyond the appointments, Facebook has said little about its blockchain project.

*This post is credited to Business Insider