Crypto.com Launches Whale Baskets for Easy Portfolio Replication

Crypto.com has introduced a new feature called Discover Whale Baskets within its app, designed to simplify the investment process for users. This feature allows individuals to replicate the portfolios of renowned investors such as Warren Buffett, Nancy Pelosi, Dan Meuser, and Bill Ackman, without the need for extensive research or individual stock picking. The Whale Baskets feature enables users to buy a pool of stocks that mirror the publicly disclosed portfolios of these famous investors, providing a straightforward way to follow their investment strategies.

The Whale Baskets feature offers several key benefits. Firstly, there are no subscription rates, allowing users to access expert strategies without incurring recurring costs. Users can follow more than 10 popular investors and receive notifications when these investors make changes to their portfolios, enabling them to replicate these changes with ease. Additionally, users have the flexibility to customize their portfolios by fine-tuning holdings to match their own investment strategies. Payments can be made using either USD or crypto, and users can generate extra income through the Securities Lending Program. The feature also provides investor protection through the Securities Investor Protection Corporation (SIPC).

To get started with Whale Baskets, users need to follow a simple five-step process. First, they tap on Whale Baskets on the main screen of the Crypto.com App. Next, they browse the list of available investors and select the basket they wish to follow. Users can then choose the amount they want to invest, with a minimum of US$50. They can also tailor asset selections or allocations, although customizing the basket will prevent automatic updates corresponding to subsequent investor trades. Finally, users complete their purchase and receive notifications when their selected investor changes their portfolio.

It is important to note that the term "baskets" as used by Foris Capital, the entity behind the Whale Baskets feature, does not align with the definition under FINRA Rule 4210. Instead, it refers to combinations of equities known as Whale Baskets. While these baskets are based on publicly available data, they may not always accurately reproduce an investor's portfolio due to factors such as reporting delays, private equity holdings, and complex investment decisions. Past performance of a Whale Basket or its cited investor is not indicative of future results, and these baskets are for informational purposes only. They do not constitute a solicitation to invest or an endorsement of an investment product or strategy. Investors should be aware that individual strategies may involve distinct risk tolerances, special access to transactions, or extended time frames.

The Securities Lending Program, which allows users to generate extra income, comes with certain risks. These include the potential loss of the entire securities or part of loaned securities, and the fact that loaned assets may not be SIPA-protected. Customers must read and accept the Stock Lending Disclosure Statement and Agreement of FCUL before participating in the securities lending option. Admission into the lending program may vary. Fractional share investing is not available for all equities, and the Foris Capital US LLC, a registered broker-dealer and SIPC/FINRA member, deals with the securities issued to residents of the United States. Foris Capital is not involved in the sale, transfer, and custody of crypto assets.