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theCoindexer

10 karma · joined March 6, 2018

Side project of two crypto enthusiasts with day jobs.

Trying to strike a balance between passive participation and owning every coin on the market.

Avid readers/lurkers of HN for many years.

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theCoindexer··on Coinbase Index Fund
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. 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