COIN50 Index launched: Bitcoin, Ethereum, Dogecoin among Top 50 assets tracked
COIN50 covers key cryptocurrency coins and tokens listed on the exchange.
Crypto exchange Coinbase has introduced a new index, Coinbase 50 (COIN50), which covers key cryptocurrency coins and tokens listed on the exchange.
The index aims to track cryptocurrency market trends by monitoring over 50 digital assets, with six cryptocurrencies—Bitcoin, Ethereum, Solana, Dogecoin, XRP, and Cardano—making up 91% of the benchmark weight.
Derivatives products linked to this index exclude major markets such as the U.S., UK, and Canada, so COIN50 mainly targets emerging markets and crypto-friendly jurisdictions.
Institutional traders who meet exchange requirements will have access to the index through Coinbase International Exchange, while retail users can speculate on asset performance via Coinbase Advanced.
Competitive Landscape
This product isn’t Coinbase's first crypto benchmark. In 2018, the exchange launched its Coinbase Index Fund for institutional clients. However, the fund, requiring a minimum investment of $250,000, was shut down after only four months as the company shifted focus to broader solutions, including retail users with minimum deposits starting at $25.
The new crypto benchmark will compete with similar products backed by global index issuers like S&P Cryptocurrency Indices and Nasdaq.
S&P Global offers a portfolio of eight indices designed to provide analytics and benchmarks for digital asset performance.
Launched in 2024, the Nasdaq Cryptocurrency Index (NCI) includes eight cryptocurrencies, with Bitcoin and Ethereum making up around 90% of its weight. As of November 11, this index shows a return of 113.4%, with a 38.5% increase over the past 30 days.
Crypto analytics firm CryptoQuant reports that Binance and Coinbase recorded a massive influx of stablecoins, totaling $9.3 billion, following Donald Trump’s recent presidential victory.
