Mike Sullivan
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Crypto Markets

The Index Token Debate

By  |  Oct. 3, 2018 12:41 PM PDT
Photo: Mike Sullivan

One headline from the past week stands out among the rest: Coinbase could be raising more money. The company is said to be in talks to raise up to $500 million from Tiger Global at a valuation of $8 billion. Although Coinbase was thought to be turning away investors earlier this year, it seems the crypto company has come around to the idea of accepting a cash infusion.

Coinbase’s smaller rivals, meanwhile, are busy. Abra, a mobile cryptocurrency wallet app, is rolling out an index product for retail investors, joining a host of crypto companies—Coinbase included—that have moved to provide similar products for accredited investors. We have more details on that below.

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