PANews reported on November 12 that according to The Block, Coinbase launched a new index COIN50, tracking the top 50 digital assets that meet basic standards. The index is also available for trading in the form of COIN50-PERP perpetual contracts, supporting up to 20 times leverage.
The COIN50 index is designed to provide crypto investors with a broad representation of the market, including mainstream assets such as Bitcoin and Ethereum. Its constituent assets are weighted by market capitalization, with Bitcoin accounting for 50.3%, Ethereum 27.5%, and Solana, XRP, and Dogecoin accounting for about 11.2%. Compared with existing crypto indices, COIN50 covers multiple crypto fields more comprehensively, not just infrastructure assets.
COIN50-PERP perpetual contracts allow traders to hold positions indefinitely and are suitable for institutions and advanced users in certain regions. Coinbase plans to continue exploring more ways for users to access the index.
