Coinbase Launches COIN50 Index to Track Top 50 Crypto Assets, Expands Market Coverage

Coinbase has just rolled out a new index designed to track the digital assets market. It’s called the Coinbase 50 Index (COIN50).

This index is a regulated benchmark that includes the 50 largest crypto assets available on Coinbase. To qualify, these assets must meet specific criteria related to token economics, blockchain architecture, and security.

So, what does it take to get on this index? Well, assets can’t be pegged to other digital currencies. They also need to have most of their token supply in public circulation and should not have any known security issues.

The Coinbase 50 Index is rebalanced every quarter. It’s a market cap-weighted index that helps traders track the performance of the broader crypto market. This means you can benchmark your returns against it.

Currently, this index covers about 80% of the total crypto market cap. Coinbase has plans to expand it even more as the market grows and diversifies.

They aim to ensure that their indices evolve with the industry. This way, they can provide essential price discovery and serve as a comprehensive benchmark for the entire crypto economy.

If you're an eligible institutional or retail user, you can now trade the index through a COIN50 perpetual futures contract. You can find this on the Coinbase International Exchange and Coinbase Advanced. However, keep in mind that this contract isn’t available for traders in the US, UK, and Canada.

Coinbase is also looking into more ways to give traders exposure to this index. They’re committed to enhancing your trading experience.