The American cryptocurrency exchange, Coinbase has allied with Shrimpy, a digital asset rebalancing platform, to help institutional investors and other users and other seamlessly rebalance their cryptoassets portfolios, according to a Medium blog post on August 24, 2018.
Coinbase-Shrimpy Cryptoassets Rebalancing
Rebalancing is the process of periodically buying and selling the digital assets in a portfolio to maintain an excellent level of asset alignment and allocation.
Per the report, Coinbase cryptocurrency exchange provides some essential asset management tools for institutional investors, but the platform lacks the “ability to rebalance” clients digital assets portfolios optimally.
At current, the Coinbase Index Fund carries out rebalancing operations only once every new year, which, according to Shrimpy, is not ideal for clients, as a more frequent portfolio rebalancing can drastically “improve portfolio performance over a one year period.”
Shrimpy Support for Coinbase Pro
To help Coinbase Pro users effectively rebalance their cryptocurrency portfolios, Shrimpy is rolling out support for the platform and its users, including institutional investors, will be provided liquidity on four different exchanges and a vast array of digital assets.
“Simply deposit a small percentage of your funds to Coinbase Pro, rebalance, and enjoy the freedom of a liquid portfolio by taking advantage of our cold storage coupling,” said the Shrimpy team.
Shrimpy claims to be the most extensive rebalancing tool for both individuals and institutional investors alike, offering clients unlimited rebalances on demand, a zero investment window, no minimum investment amount, and more.
“Shrimpy is the most powerful rebalancing tool in the market. Whether you want to manage 5 assets on Coinbase Pro or 200 assets across multiple exchanges, Shrimpy is the answer.”
The Coinbase Evolution
Ranked 13th on the Coinmarketcap top 100 crypto exchange table, Coinbase Pro allows investors to trade five established cryptos including bitcoin, ether, litecoin, ethereum classic, and bitcoin cash, against the American dollar and euro.
Arguably the most popular cryptocurrency exchange in the United States, Coinbase announced the launch of its cryptoassets custodial service in July 2018, to help institutional investors and crypto whales to store their digital assets.
“Coinbase Custody is a combination of Coinbase’s battle-tested cold storage for crypto assets, an institutional-grade broker-dealer, and its reporting services, and a comprehensive client coverage program,” said Product Lead at Coinbase Custody Sam McIngvale.
On August 9, 2018, BTCManager reported that Coinbase had started offering users instant cryptocurrency trading service and also increased their default daily transaction limit to $25,000.