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This is a great move by Coinbase to make "owning more crypto" easier for the average (accredited) investor. But 4 coins != the market. Like others, we've tri
by theCoindexer 9y ago
This is a great move by Coinbase to make "owning more crypto" easier for the average (accredited) investor. But 4 coins != the market.
Like others, we've tried to maintain our own index of top cryptocurrencies, and experienced all the same repetitive issues of calculating asset shares, etc.
So we created a tool to help ourselves, and hopefully others: https://thecoindexer.com https://thecoindexer.com. It takes an input portfolio (on CoinFYI or others) and periodically calculates and emails the optimal* rebalancing trades to match a target index. Current indexes are based off CoinMarketCap's top 5, 10 and 25 assets.
We've still got a lot of kinks to work out, but feedback/suggestions are welcome.
*optimal = fewest # of trades on preferred exchanges
- therealviv 9y agoBrilliant. Much safer solution than handing over keys etc.
- oil7abibi 9y agoDo you have any open APIs? I’m working on a portfolio application and would love to offer an integration like this.
- granaldo 9y agoHow about buying into top 10 coins from CoinGecko https://www.coingecko.com/en https://www.coingecko.com/en weighted by multiple metrics and they got https://www.coingecko.com/en/crypto_index/crix https://www.coingecko.com/en/crypto_index/crix