Crypto.com has added a new feature to its app, Whale Baskets, which lets users replicate the stock investments of high-profile investors. The tool will have no subscription charges, letting retail investors track and mirror the published portfolios of well-known investors like Warren Buffett, Bill Ackman, Nancy Pelosi, and Dan Meuser.
Investors can choose among more than ten investor-spired baskets and invest as little as half of $50. Such baskets are bundles of select assets that depict the latest public records of the chosen investor. Users will receive notifications once portfolio actions are taken and can respond to them with a single tap. Nonetheless, when an investor manually adjusts the contents of the basket or allocations, it turns into a custom basket and will no longer be automatically updated.
Portfolio and Flexible Investment Management choices
Whale Baskets allows users to invest in a variety of ways that support USD and cryptocurrency. Investors are also allowed to customize their portfolio to be more aligned with their financial goals, but that will disregard the automatic tracking option.
Crypto.com also offers the possibility of making profits with the help of its Securities Lending Program. This program could also bring profit and allow its participants to get a yield on investments; however, securities lending has certain risks, and it cannot be offered to everyone.
Crypto.com Ensures Protection of Investors and Regulatory Compliance
Foris Capital US LLC offices are members of FINRA and SIPC and offer Whale Baskets. Although the SIPC offers limited protection, it can be inapplicable to assets used in securities lending. The equities in the baskets may not have fractional shares.
This product does not ensure an exact replication of actual holdings of the investors as there might be delays in the public disclosures and untraded investments. The investors will be encouraged to check on the critical disclosures prior to participating.
