The U.S. cryptocurrency trading platform has quietly shut down its Coinbase Bundle service.
The service, which was launched in September last year, allowed its users to invest a minimum amount of $25 in a basket of cryptocurrencies. At the time of its launch, the basket was composed by 5 cryptos: bitcoin, bitcoin cash, ethereum, ethereum classic and litecoin.
The announcement about the suspension of the service has been made in the FAQ section of the exchange's site, however, the company has not made any official statement.
This product was originally launched in order replace an index fund for wealthy investors and institutions that was shut down in October last year. The minimum amount to invest in this fund was $250,000.
The cryptocurrency trading platform has reported all the crypto balances that users had obtained in purchases through the Bundle service have been automatically transferred to their wallets.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.