Coinbase has unveiled the Coinbase 50 Index (COIN50), a new benchmark designed to track over 50 digital assets, facilitating exposure to key crypto market trends for traders and institutional investors, particularly in emerging markets. Announced on November 12, the COIN50 primarily comprises six cryptocurrencies—Bitcoin, Ether, Solana, Dogecoin, XRP, and Cardano—accounting for 91% of the index's weight. Notably, derivative products tied to this index will not be available for users in major markets such as the United States, United Kingdom, and Canada. Only eligible institutional traders can access the index through perpetual futures contracts on Coinbase's International Exchange, while retail users can trade via Coinbase Advanced. This initiative seeks to enhance Coinbase's offerings, as the exchange aims to compete with existing products like the Nasdaq Crypto Index and S&P Cryptocurrency Indices, both of which provide insight into digital asset performance.

Source 🔗