Coinbase Announces Launch of Crypto Index Fund – Not Ripple Addition

Coinbase Crypto Index Fund

As reported by CNBC’s ‘Fast Money’ in an interview with Coinbase president Asiff Hirji, A Coinbase crypto index fund is going to be launched by the exchange platform.

When it was first announced that both Coinbase president and Ripple CEO Brad Garlinghouse would be interviewing on ‘Fast Money’, rumors abounded that Coinbase was adding Ripple to its exchange. To the disappointment of many, this turned out not to be the case. Instead, Coinbase announced that it would be launching a weighted index fund for cryptocurrencies.

>> Ripple soared thanks to the Coinbase rumours

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