Coinbase Introduces the Coinbase 50 Index (COIN50) to Track Top Digital Assets

Leading the index, Bitcoin BTC/USD holds a weight of 50.3%, followed by Ethereum ETH/USD at 27.5%, collectively making up a substantial portion.

Coinbase Inc. COIN has unveiled the Coinbase 50 Index (COIN50), a new benchmark tracking the performance of the top 50 digital assets listed on the exchange.

Bitcoin (BTC) leads the index with a weight of 50.3%, followed by Ethereum (ETH) at 27.5%, together accounting for a significant portion of the index.

Other prominent assets include Solana (SOL) at 6.4%, XRP at 3.1%, and Dogecoin (DOGE) at 1.5%, while the remaining 45 assets collectively comprise 11.2%.

The index was created in collaboration with Coinbase Asset Management and Market Vector Indexes and is designed to cover roughly 80% of the crypto market, excluding stablecoins.

To ensure the index remains up-to-date with the evolving market dynamics, it will be rebalanced quarterly and includes only assets that meet Coinbase’s stringent legal, compliance, and security criteria.

In addition to the index, Coinbase is also launching the COIN50 perpetual futures contract (COIN50-PERP) on its International Exchange, catering to institutional traders and select retail users, expanding the options available for managing market volatility.

“By updating the index weighting quarterly, we are ensuring an accurate representation of the market so traders can properly benchmark performance,” said a Coinbase spokesperson, highlighting the importance of regular rebalancing given the crypto market’s rapid fluctuations.

As Coinbase continues to drive innovation, including its participation in Benzinga's Future of Digital Assets event on Nov. 19, the COIN50 Index serves as another strategic initiative to enhance crypto market analysis and provide transparent performance benchmarks for investors.

Keep Reading: