PANews November 12 news, Coinbase CEO Brian Armstrong announced that the cryptocurrency market capitalization weighted index COIN50 has officially launched. This index provides investors with a new way to track the overall performance of the crypto economy. COIN50 tracks the top 50 cryptocurrency assets that meet Coinbase's listing standards, aiming to offer convenience for investors seeking broad exposure to the cryptocurrency market.
Armstrong stated that Bitcoin remains the most important cryptocurrency asset, but an increasing number of investors are seeking broad exposure to the entire cryptocurrency market. Networks like Ethereum and Solana have demonstrated strong utility in stablecoin payments, with expected payment volumes surpassing $20 trillion this year. In addition, projects like TON and World have shown activity in emerging markets, while DeFi tokens such as Uniswap and Layer 2 scaling solutions like Optimism further enrich the ecosystem. Armstrong noted that in the future, every project, community, and even individuals or AIs may have their own tokens. With regulatory clarity gradually emerging, registered compliant crypto securities will enhance capital formation efficiency. He believes that the cryptocurrency market is expected to become "the next version of the stock market and the internet," and with the emergence of millions of tokens, the COIN50 index launched by Coinbase brings important infrastructure support to the financial system, promoting further integration of the cryptocurrency market with the traditional financial system.
