Coinbase Launches ‘COIN50’ Index Designed To Track Top Fifty Crypto Assets

US-based cryptocurrency change Coinbase has simply launched a brand new benchmark index for monitoring the digital asset market.

The listed firm reported this in a press release say the Coinbase 50 Index (COIN50) is a regulated benchmark that represents the 50 largest crypto property on its platform that meet the fundamental criteria for token economics, blockchain structure and safety.

Nasty qualify To entry the index, the property should not be linked to different digital property, should have most of their token provide in public circulation, and should not have any identified safety vulnerabilities.

“The Coinbase 50 Index, which is rebalanced quarterly, is a market capitalization-weighted index of the highest 50 property that meet the index’s standards. Merchants can use the index to trace the efficiency of the broader crypto market and benchmark their returns.”

The change says that whereas the Coinbase 50 Index at the moment covers round 80% of the crypto market cap, the plan is to launch a considerably broader index because the market grows and diversifies.

“This path lays the inspiration for our indices to evolve together with the trade, offering important value discovery and remaining a complete benchmark for the crypto economic system.”

Eligible institutional and retail customers can now commerce the index by way of a COIN50 perpetual futures contract on Coinbase Worldwide Change and Coinbase Superior, though the contract is just not out there to merchants within the US, UK and Canada.

The change says it’s exploring extra methods to supply merchants publicity to the index.

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Featured picture: Shutterstock/IR Stone