Coinbasethe world’s second largest bitcoin (BTC) and cryptocurrency exchange, announced the launch of the Coinbase 50 index (COIN50). This indicator brings together 50 top eligible digital assets.
The COIN50 methodology is based in three years of experience in index management at Coinbase Asset Management and It has been developed in collaboration with Market Vector.
As announced, the objective of COIN50 “is to facilitate the development of new indices, offer a comprehensive view of the market and assist investors in navigating the changing landscape of digital assets.”
According to Coinbasethe COIN50 index tracks the performance of the 50 largest and most liquid crypto assets by market capitalization. For this, applies a series of fundamental and market eligibility criteria to ensure that assets are investable.
All assets listed in this index They are available on the exchange Coinbase.
The platform indicated that eligible institutional and Coinbase Advanced users You can now access the index through a perpetual future called COIN50-PERP on the international exchange Coinbaseavailable in select jurisdictions outside the US, UK and Canada.
The index reflects the current dominance of certain digital assets in the market. Bitcoin leads with 50%, followed by Ethereum (ETH) with 28.8% and solana (SOL) with 6.54%. It also shows the cases of other crypto assets, such as XRP, dogecoin (DOGE), and 45 other assets.
“COIN50 adapts to [la dinámica cambiante del mercado] through periodic strategic rebalancing to ensure diversification, following principles of the International Organization of Securities Commissions (IOSCO) and the European Union Benchmark Regulation (BMR),” the company says.
Coinbase is not the only entity that has launched indices to track cryptocurrency prices. Recently, the Hong Kong Stock Exchange announced the launch of indices for bitcoin and Ethereum, providing transparent and reliable reference points for the prices of these assets in the Asian time zone, as reported by CriptoNoticias.
This article was created using artificial intelligence and edited by a human Editor.
