Coinbase has recently launched the COIN50 index, representing the top 50 digital assets listed on its platform. This index, developed in collaboration with Coinbase Asset Management and Market Vector Indexes, aims to provide a benchmark for the performance of the cryptocurrency market, covering approximately 80% of the total crypto market capitalization.
#COIN50 includes cryptocurrencies like #Bitcoin , Ethereum, Solana, XRP, and #Dogecoi , among others. It excludes stablecoins and privacy-focused coins to ensure investability and compliance with security and transparency standards. The components of the index are reviewed and rebalanced every three months to reflect market dynamics.
In addition to the index, Coinbase has introduced the COIN50 perpetual futures contract (COIN50-PERP) on its international exchange. This product is available to institutional traders and some qualified retail users, offering an additional tool to manage exposure to the cryptocurrency market.
Looking ahead, Coinbase plans to expand the index to include a broader range of digital assets, reflecting the ongoing growth and diversification of the cryptocurrency market.
