Coinbase intent on launching a cryptocurrency fund on Wall Street

Coinbase appears to have taken a look at the efforts of other cryptocurrency fat-cats and reckons it can succeed where others failed. Sources have indicated Coinbase is intent on launching an exchange-traded fund (ETF) for cryptocurrency, something that has proven practically impossible. The move is part of Coinbase’s plan to pander to retail investors afraid of getting their names attached to possible money-laundering schemes, BusinessInsider reports. Coinbase is one of the world’s largest cryptocurrency exchange operators. While smaller, retail investors can purchase cryptocurrency directly, a lot of its business is actually tailored towards institutional investors. An ETF, when described simply,…

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