Coinbase Launches ‘coin50’ Index For Top 50 Digital Assets

Sophie Atkinson, ReadWriteWeb
Wed, 11/13/2024 - 5:07am

Coinbase has just launched the crypto equivalent of the S&P 500, with its new ‘COIN50’ representing the top 50 digital assets listed on the exchange. The company announced the Coinbase 50 Index on November 12, introducing it as a “regulated crypto benchmark developed in partnership with Coinbase Asset Management and Market Vector Indexes.” The new offering is a market cap-weighted index of the top 50 assets that meet the index’s criteria, with traders now able to use this to track the performance of the broader crypto market and benchmark their returns. It works in a similar way to traditional finance options, like the S&P 500, with the company creating the index so investors can gain diversified exposure to the market. Meet the Coinbase 50 Index (COIN50), a whole new way to track the performance of the cryptoeconomy.

Topics: november coinbase asset management market vector indexes meet index coin50 s&p coin50 coinbase index coinbase top digital assets crypto performance benchmark company track

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BING NEWS:

Coinbase launches COIN50 Index to track digital assets
Crypto exchange Coinbase has introduced a new benchmark for tracking over 50 digital assets ... the company unveiled the Coinbase 50 Index (COIN50), covering major crypto coins and tokens listed ...
11/12/2024 - 4:27 am | View Link
Coinbase launches ‘Coin50’ index as crypto equivalent to S&P 500 and a balance to Bitcoin
Coinbase is launching the Coinbase 50 Index ... place,” Tusar said. The Coin50 provides a more comprehensive view of the market by including Bitcoin and the other top 49 cryptocurrencies ...
11/12/2024 - 12:42 am | View Link
MarketVector Indexes Launches COIN50 Index in Partnership with Coinbase to Establish the Digital Asset Index Benchmark
The Coinbase 50 Index represents the top 50 digital assets by market capitalization and is a key milestone in Coinbase’s strategy to provide the crypto market with a pricing benchmark.
11/11/2024 - 8:22 pm | View Link
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Coinbase Launches ‘coin50’ Index For Top 50 Digital Assets

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