- Coinbase launched the Coinbase 50 Index (COIN50), a benchmark representing the top 50 digital assets listed on Coinbase Exchange
- Traders can trade the COIN50 index via a COIN50 perpetual futures contract (COIN50-PERP) with up to 20x leverage on Coinbase International Exchange and Coinbase Advanced
- Companies interested in licensing or using the Coinbase 50 Index can contact Coinbase at [email protected]
Coinbase has launched 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.
About the Coinbase 50 Index
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 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.
While the Coinbase 50 Index currently covers 80% of the total crypto market cap, this is just the beginning. As the crypto market matures, Coinbase aims 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.
Trading the Index
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 and Coinbase Advanced. This contract will only be available to users in eligible jurisdictions outside the US, UK, and Canada.
Coinbase is 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. Contact Coinbase at [email protected] for details on licensing or using the Coinbase 50 Index.
Conclusion
The launch of the Coinbase 50 Index opens the way to trade index-based crypto products. As the crypto market evolves, Coinbase aims to continue developing indices that provide critical price discovery and remain a comprehensive benchmark for the crypto economy.
