Coinbase today announced the launch of the Coinbase 50 Index (COIN50), a benchmark representing the top 50 digital assets listed on Coinbase Exchange that meet the index’s criteria for inclusion.
The index was developed in partnership with Coinbase Asset Management and Market Vector Indexes.
Traders can use the index to track the performance of the broader crypto market and benchmark their returns.
The index methodology builds on the three-year track record of Core Coinbase Indices, which have been modeled by Coinbase Asset Management. 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.
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.
