Coinbase has introduced the Coinbase 50 Index (COIN50), a regulated cryptocurrency benchmark that offers investors globally a transparent and reliable means of gaining exposure to the growing crypto market.
According to the U.S.-based exchange, the index allows traders to monitor the broader cryptocurrency market’s performance and benchmark their returns. It described it as a crypto parallel to traditional market indices, which have historically provided investors with streamlined market exposure and portfolio assessment tools.
The exchange noted that the methodology behind the COIN50 Index builds on the track record of its Core Indices, developed by its Asset Management division over the past three years. Assets on the index are selected based on key metrics like token economics, blockchain architecture, and security features. The exchange added that all selected assets are listed on its trading platform and, thus, have undergone its thorough vetting process to ensure compliance with legal, security, and technical standards.
The index currently covers around 80% of the total crypto market cap, and it will be rebalanced quarterly to remain in step with market changes and future growth, according to the exchange.
Starting today, November 12, eligible traders can access COIN50 through a perpetual futures contract (COIN50-PERP) with leverage options up to 20x. The contract will be available on Coinbase International Exchange for institutional clients and Coinbase Advanced for retail traders, limited to jurisdictions outside the U.S., UK, and Canada. The exchange also noted that it is exploring other ways to offer users more exposure to the index in the future.
This announcement builds on Coinbase’s recent moves to boost crypto adoption globally. The exchange partnered with Visa, a card payment company, to allow its U.S. and European users to fund accounts in real-time through eligible Visa debit cards. It claimed this would enable real-time deposits and cashouts, offering customers greater flexibility to respond quickly to market shifts.
Additionally, Coinbase partnered with South Korean exchange Korbit to enable Korbit users to make deposits and withdrawals on Coinbase’s Layer 2 blockchain network, Base. This move is expected to broaden crypto adoption in South Korea as it provides local users access to the blockchain network’s expanding ecosystem.
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