3x Leverage Coinbase (COIN) ETP

Leverage the daily return of Coinbase Global Inc (COIN) stocks with 3x Long Coinbase ETP. Available for trading on Borsa Italiana, London Stock Exchange.

3LCO Product Description

GraniteShares 3x Long Coinbase Daily ETP is a collateralised, Exchange-Traded Product (ETP). The ETP tracks, excluding fees and other adjustments, the performance of the Solactive Daily Leveraged 3x long Coinbase Index that seeks to provide 3 times the daily performance of Coinbase Global Inc shares.

For example, if Coinbase Global Inc rises by 1% over a day, then the ETP will rise by 3%, excluding fees and other adjustments. However, if Coinbase Global Inc falls by 1% over a day, then the ETP will fall by 3%, excluding fees and other adjustments.

GraniteShares +3x Coinbase is available in EUR,GBP,USD

Everything you need to know about GraniteShares 3x Leverage Coinbase (COIN) ETP

What is Coinbase (COIN)

Coinbase (NASDAQ: COIN), is an American company that operates a cryptocurrency exchange platform. It is a distributed company; all employees operate via remote work. The purpose of the company is making digital currency accessible and approachable for everyone by becoming the most trusted company in the domain and create user-focused products that are easier and more intuitive to use. Coinbase reportedly has users from more than 100 countries. Coinbase also suffered from a number of allegations, including overcharging customers for trades and not making currency available on time. It also was forced to give details of traders which owned high amounts of cryptocurrency in the United States to the IRS.

  Fact Sheet

Key Facts

Tickers (Trading Currency)
3LCO (EUR) / 3LCO (USD) / LCO3 (GBP)
Underlying Stock
Leverage Factor
Base Currency
Total Daily Ongoing Cost
Value per ETP Security as of 26 September 2023
Best ETP Provider

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3x Leverage Coinbase (COIN) ETP OVERVIEW

LISTING AND CODES for 3x Leverage Coinbase (COIN) ETP

Exchange Trading
Borsa Italiana EUR 3LCO XS2575914176 BQCZZ32
London Stock Exchange GBP LCO3 XS2575914176 BQCZZ54
London Stock Exchange USD 3LCO XS2575914176 BQCZZ65

INDEX & PERFORMANCE of 3x Leverage Coinbase (COIN) ETP

1 Month 3 Months YTD 1 Year 3 Year Since Inception

COLLATERAL Details of 3x Leverage Coinbase (COIN) ETP

Understanding Collateral

Collateralised ETP Securities are backed with collateral, subject to eligibility criteria, to protect investors in event of default. The amount of collateral posted by the Swap Counterparty is held and valued by an independent custodian in a segregated account and is adjusted daily and reflects the collateralised ETPs' change in value and in the outstanding number of securities. The Bank of New York Mellon SA/NV serves as the Swap Collateral Custodian.

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