Coinbase Launches the Coinbase 50 Index: A Global Crypto Benchmark Tl;dr Coinbase launched the Coinbase 50 Index (COIN50), a benchmark representing the top 50 digital assets listed on Coinbase Exchange that meet the index’s fundamental criteria for inclusion. Crypto traders can use the COIN50 as a benchmark to track broader market trends and gain insight [...]
Coinbase Launches the Coinbase 50 Index: A Global Crypto Benchmark
Tl;dr
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Coinbase launched the Coinbase 50 Index (COIN50), a benchmark representing the top 50 digital assets listed on Coinbase Exchange that meet the index’s fundamental criteria for inclusion.
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Crypto traders can use the COIN50 as a benchmark to track broader market trends and gain insight into the overall performance of the cryptoeconomy.
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Beginning later today, eligible traders can trade this index via a COIN50 perpetual future (COIN50-PERP) with up to 20x leverage on Coinbase International Exchange and Coinbase Advanced.
By Coinbase
Product
, November 12, 2024
Introducing the Coinbase 50 Index (COIN50)
Today, we are excited to launch the Coinbase 50 Index (COIN50), a regulated crypto benchmark developed in partnership with Coinbase Asset Management and Market Vector Indexes. As the most trusted and only publicly-listed crypto exchange, Coinbase is uniquely positioned to offer an index that investors globally can rely on for transparent, reliable exposure to the crypto market.
The cryptoeconomy is rapidly expanding, with a vibrant ecosystem of networks and tokens driving innovation and improving access within our financial system. As more investors recognize the long-term value of crypto, the need for efficient ways to gain diversified exposure to this growing asset class is clearer than ever. In traditional finance, indices and their associated tradable products have long provided a simple yet effective way for investors to gain broad exposure and benchmark their portfolios. Crypto is now ready for the same.
Data as of last rebalancing on August 27, 2024
The Coinbase 50 Index, rebalanced quarterly, is a market cap-weighted index of the top 50 assets that meet the index’s criteria*. Traders can use the index to track the performance of the broader crypto market and benchmark their returns.
The index methodology builds on Coinbase Asset Management’s three years of index building experience. This approach scrutinizes eligible assets based on fundamental criteria such as token economics, blockchain architecture, and security. Furthermore, every asset within the COIN50 index is listed and accessible on Coinbase Exchange, which has a rigorous vetting process that evaluates assets against legal, compliance, and technical security standards.
While the Coinbase 50 Index currently covers ~80% of the total crypto market cap, this is just the beginning.
As the cryptoeconomy market matures, our goal at Coinbase is to launch a significantly broader index, to align with the growing size and diversity of the crypto market. This path sets the foundation for our indices to evolve alongside the industry, ensuring they provide critical price discovery and remain a comprehensive benchmark for the cryptoeconomy.
Trading the Index
The Coinbase 50 Index opens the way to trade index-based crypto products.
Beginning later today, eligible traders will be able to trade the Coinbase 50 Index via a COIN50 perpetual futures contract (COIN50-PERP) with up to 20x leverage on Coinbase International Exchange, for eligible institutional users, and Coinbase Advanced, for eligible retail users. This contract will only be available to users in eligible jurisdictions outside the US, UK, and Canada.
We are exploring additional ways to allow users to gain exposure to the Index.
Licensing the Index
A license agreement is required to use the index, index data or trademarks for various commercial purposes. Interested in licensing or using the Coinbase 50 Index? Contact us at marketdata@coinbase.com.
*Outlined in Section 3 of the official Methodology Guide, which can be found at https://www.coinbase.com/ coin50.
