Indexes are popular. CAC 40 and Euro Stoxx 50 in Europe, Dow Jones, Nasdaq or S&P 500 in the United States, stock indices are essential and allow you to follow the financial markets in a simplified way. Having reached the age of reason, it was finally logical that cryptocurrency also had its own and this is happening with Coinbase 50 Indexfrom its nickname Coin50.
US crypto leader launches its index based on 50 cryptocurrencies
Launched by an American giant in the industry Coinbasethis index will be composed, as its name suggests, of 50 cryptocurrencies and, unsurprisingly, we will find the largest market capitalizations in a good place. Bitcoin will thus represent 50% of the total, Ethereum 28.8%, Solana 6.4%, Ripple and its XRP 2.9%, Dogecoin 1.4% and a basket of 45 others cryptocurrencies will supplement the remaining 10.4%. This distribution may be adjusted each quarter depending on the performance of each party.
Teams from Coinbase they state on their site that stablecoins and privacy-oriented currencies have been excluded from this selection and that all Web3 sectors are covered by these 50 tokens. Finally, we can read that this index was developed together Coinbase Asset Management AND Vector market indicesglobal specialist in clues.
In order to trade this Coin50, you will need to go to the platform Coinbase international exchange and engage in the permanent COIN50-PERP contract, which is not available to US residents. Like its relatives in traditional finance, it’s a safe bet that this index will eventually be available in an ETF, making it easier to access, but in the meantime, Coinbase is definitely positioning itself as one. of the great leaders of this ecosystem.