PANews reported on November 12 that Coinbase CEO Brian Armstrong announced that the crypto market capitalization weighted index COIN50 has been officially launched . The index provides investors with a new way to track the overall performance of the crypto economy. COIN50 tracks the top 50 crypto assets that meet Coinbase's listing standards and is designed to provide convenience for investors who want to gain broad exposure to the crypto market.
Armstrong said that Bitcoin is still the most important crypto asset, but more and more investors want to gain broad exposure to the entire crypto market. Networks such as Ethereum and Solana have shown strong utility in stablecoin payments and are expected to exceed $20 trillion in payment volume this year. In addition, projects such as TON and World have also shown activity in emerging markets, while DeFi tokens such as Uniswap and Layer 2 expansion solutions such as Optimism have further enriched the ecosystem. Armstrong pointed out that in the future, every project, community, and even individual or AI may have its own token. As supervision becomes clearer, registered and compliant crypto securities will improve the efficiency of capital formation. He believes that the crypto market is expected to become "the next version of the stock market and the Internet." With the emergence of millions of tokens, the COIN50 index launched by Coinbase has brought important infrastructure support to the financial system and promoted the further integration of the crypto market with the traditional financial system.
