The First Institutional Cycle for Digital Assets needs a new benchmark...and it has arrived: the Coinbase 50 Index! Today BTC, ETH, and Stablecoins are most of digital's market capitalization. But, with the potential for US regulatory clarity increasing (and a likely acceleration in use cases), we believe that higher effective breadth is ahead! CBAM will leverage the COIN50 as an additional key metric to measure industry performance. Congrats to the MarketVector Indexes and the Coinbase team!
Announcing the Coinbase 50 Index (COIN50), the global benchmark for digital assets developed in partnership with Market Vector Indexes and Coinbase Asset Management. COIN50 represents the top 50 eligible digital assets that meet the index’s fundamental criteria, empowering investors to use COIN50 as a benchmark to compare their portfolio performance to the broader crypto economy. The index methodology builds on Coinbase Asset Management's three years of index building experience and scrutinizes eligible assets based on criteria such as token economics, blockchain architecture, and security. Additionally, every asset in the index is listed and accessible on Coinbase Exchange, which meets a rigorous vetting process that evaluates assets against legal, compliance, and security standards. Today, eligible institutional users will be able to trade the Coinbase 50 Index via a COIN50 perpetual futures contract (COIN50-PERP) on Coinbase International Exchange, while eligible retail users can trade it on Coinbase Advanced. This contract will only be available to users in eligible jurisdictions outside the US, UK, and Canada. 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 exposure to the crypto market. Learn more about COIN50 here: https://lnkd.in/excnJncS Read the full press release here: https://lnkd.in/evwwhmew.