Market News

Coinbase Introduces the COIN50 Index for Comprehensive Crypto Market Insight

Coinbase, a major cryptocurrency exchange, has launched the COIN50 Index, structured to offer a broad view of the crypto market by tracking the top 50 digital assets listed on its platform. This index, created with Coinbase Asset Management and Market Vector Indexes, excludes stablecoins and privacy coins to focus on the most investable assets. Designed to mirror the efficacy of traditional financial indices, the COIN50 aims to provide an efficient tool for diversified exposure in cryptocurrency investments. According to Coinbase, this benchmark allows investors to gauge the performance of a wide range of crypto assets, enhancing transparency and standardization in the digital asset space. Furthermore, the index is rebalanced quarterly, covering approximately 80% of the total cryptocurrency market capitalization. It will be accessible via a COIN50 perpetual futures contract offering up to 20x leverage, available to eligible users outside the US, UK, and Canada. Looking forward, Coinbase plans to develop broader indices as the cryptoeconomy expands, supporting both the growth and diversity of this evolving market.