Coinbase Just Shut Down The Crypto Bundles Without Issuing Any Warning
Coinbase’s latest move has a lot of people surprised and confused at the same time.
Coinbase quietly discontinues crypto bundles
The exchange has quietly discontinued the crypto bundles feature. Coinbase Bundles launched back in October 2018, and it allowed traders to buy a market-weighted selection of Bitcoin, Ethereum, Bitcoin Cash, Litecoin and Ethereum Classic according to the Daily Hodl.
Coinbase users have been able to buy the bundles starting at $25, £25 or €25 in order to gain exposure to the top five digital assets listed on the exchange with just the tap of a button.
The strategy has been created in the first place in order to support easier crypto access and to give crypto newbies a more straightforward way to enter the market.
Now, it seems that Coinbase has eliminated this feature without making an official announcement.
On the other hand, according to the reports of the online publication mentioned above, the company answered questions on its status via its support forum and it informed traders who would have purchased bundles about the status of their digital assets.
“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 says.
They continue and tell users that “You will still be able to view the Coinbase Bundle purchase under Tools > History. The purchase will no longer be available to view in Accounts.”
Nothing more than a “cosmetic change”
The official notes say that people will find their assets in their Coinbase Bundle placed into their respective individual asset wallets.
“You will no longer see a standalone wallet for your ‘Coinbase Bundle purchase. This is a cosmetic-only change. The amount of cryptocurrencies you purchased as part of your Coinbase Bundle will not change,” Coinbase concludes.
So, as you can see, the exchange says that this is nothing more than a “cosmetic change”.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.