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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) $ 97,122.02
ethereum
Ethereum (ETH) $ 2,704.84
xrp
XRP (XRP) $ 2.75
tether
Tether (USDT) $ 1.00
solana
Solana (SOL) $ 201.17
bnb
BNB (BNB) $ 668.96
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.271569
cardano
Cardano (ADA) $ 0.811091
staked-ether
Lido Staked Ether (STETH) $ 2,702.58
tron
TRON (TRX) $ 0.231727
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 96,872.95
chainlink
Chainlink (LINK) $ 19.12
sui
Sui (SUI) $ 3.60
stellar
Stellar (XLM) $ 0.355277
wrapped-steth
Wrapped stETH (WSTETH) $ 3,238.97
avalanche-2
Avalanche (AVAX) $ 26.17
litecoin
Litecoin (LTC) $ 131.53
shiba-inu
Shiba Inu (SHIB) $ 0.000017
the-open-network
Toncoin (TON) $ 3.78
hyperliquid
Hyperliquid (HYPE) $ 27.36
leo-token
LEO Token (LEO) $ 9.81
hedera-hashgraph
Hedera (HBAR) $ 0.234581
usds
USDS (USDS) $ 1.00
weth
WETH (WETH) $ 2,704.79
polkadot
Polkadot (DOT) $ 5.25
bitcoin-cash
Bitcoin Cash (BCH) $ 343.15
bitget-token
Bitget Token (BGB) $ 5.58
ethena-usde
Ethena USDe (USDE) $ 1.00
uniswap
Uniswap (UNI) $ 9.96
wrapped-eeth
Wrapped eETH (WEETH) $ 2,864.60
mantra-dao
MANTRA (OM) $ 5.54
pepe
Pepe (PEPE) $ 0.000010
ondo-finance
Ondo (ONDO) $ 1.33
monero
Monero (XMR) $ 227.17
near
NEAR Protocol (NEAR) $ 3.49
aave
Aave (AAVE) $ 261.21
whitebit
WhiteBIT Coin (WBT) $ 27.15
official-trump
Official Trump (TRUMP) $ 19.14
aptos
Aptos (APT) $ 6.19
internet-computer
Internet Computer (ICP) $ 7.28
dai
Dai (DAI) $ 1.00
mantle
Mantle (MNT) $ 1.03
bittensor
Bittensor (TAO) $ 394.11
susds
sUSDS (SUSDS) $ 1.03
ethereum-classic
Ethereum Classic (ETC) $ 21.37
okb
OKB (OKB) $ 52.50
gatechain-token
Gate (GT) $ 23.43
vechain
VeChain (VET) $ 0.035101
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.321946