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2 min read 12 Nov 2024

Coinbase launches COIN50: an index composed of the top 50 cryptos

By Daniele Corno

Coinbase's COIN50 index allows users to track 50 top cryptocurrencies, offering up to 20x leverage for enabled investors

Coinbase launches COIN50: an index composed of the top 50 cryptos

The new COIN50 index

Coinbase has introduced COIN50, a new index that represents the top 50 cryptocurrencies listed on theExchange.

Each asset included is selected through specific criteria to provide a broader representation of the crypto market. The COIN50 index is also available as a perpetual future with up to 20x leverage, available only to qualified traders and investors.

This index was developed with the collaboration of Coinbase Asset Management and Market Vector Indexes, solidifyingCoinbase’s commitment to expanding trading options for its users. The composition of the index is based on market capitalization: Bitcoin covers 50.3 percent, Ethereum 27.5 percent, followed by other cryptos such as Solana, XRP and Dogecoin.

Coinbase ‘s goal with COIN50 is to provide a more affordable way to achieve diversification, improving exposure to digital assets with a balanced portfolio.

A new benchmark for the industry

The launch of COIN50 comes at a time of strong growth for the cryptocurrency market. Bitcoin is approaching the $90,000 mark, while the overall capitalization of cryptocurrencies has reached $3 trillion.

David Duong,head of research at Coinbase, compared COIN50 to the early days of the S&P 500, which began as the S&P 90. Today, COIN50 covers about 80 percent of the crypto market, a share similar to the S&P 500’s impact on the U.S. stock market.

In parallel, in the past month , COINBASE’s shares have grown by 75 percent and the app is the 18th most downloaded app on the app store.

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Semplicità e sicurezza dall’exchange quotato al Nasdaq.

bitcoin
Bitcoin (BTC) $ 112,552.16
ethereum
Ethereum (ETH) $ 4,634.20
xrp
XRP (XRP) $ 3.03
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 866.37
solana
Solana (SOL) $ 210.72
usd-coin
USDC (USDC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 4,624.17
dogecoin
Dogecoin (DOGE) $ 0.222900
tron
TRON (TRX) $ 0.350142
cardano
Cardano (ADA) $ 0.873820
wrapped-steth
Wrapped stETH (WSTETH) $ 5,604.45
chainlink
Chainlink (LINK) $ 24.53
wrapped-beacon-eth
Wrapped Beacon ETH (WBETH) $ 4,989.68
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 112,653.18
hyperliquid
Hyperliquid (HYPE) $ 50.36
wrapped-eeth
Wrapped eETH (WEETH) $ 4,959.63
sui
Sui (SUI) $ 3.51
ethena-usde
Ethena USDe (USDE) $ 1.00
stellar
Stellar (XLM) $ 0.387772
bitcoin-cash
Bitcoin Cash (BCH) $ 558.16
avalanche-2
Avalanche (AVAX) $ 25.15
weth
WETH (WETH) $ 4,630.85
hedera-hashgraph
Hedera (HBAR) $ 0.242760
crypto-com-chain
Cronos (CRO) $ 0.270788
leo-token
LEO Token (LEO) $ 9.52
litecoin
Litecoin (LTC) $ 114.22
the-open-network
Toncoin (TON) $ 3.20
usds
USDS (USDS) $ 0.999978
shiba-inu
Shiba Inu (SHIB) $ 0.000013
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
whitebit
WhiteBIT Coin (WBT) $ 43.65
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 112,530.15
uniswap
Uniswap (UNI) $ 10.11
polkadot
Polkadot (DOT) $ 3.91
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.19
bitget-token
Bitget Token (BGB) $ 4.66
monero
Monero (XMR) $ 271.14
aave
Aave (AAVE) $ 327.18
dai
Dai (DAI) $ 1.00
pepe
Pepe (PEPE) $ 0.000010
ethena
Ethena (ENA) $ 0.625087
mantle
Mantle (MNT) $ 1.21
okb
OKB (OKB) $ 173.16
ethereum-classic
Ethereum Classic (ETC) $ 21.97
bittensor
Bittensor (TAO) $ 341.01
near
NEAR Protocol (NEAR) $ 2.56
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 256.25
aptos
Aptos (APT) $ 4.42
ondo-finance
Ondo (ONDO) $ 0.952930