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Coinbase Rolls Out COIN50: A New Benchmark for Top Digital Assets

Key Takeaways

  • Coinbase has launched COIN50, a crypto index of over 50 assets focused on emerging markets;
  • The index primarily includes Bitcoin, Solana, Ethereum, Cardano, Dogecoin, and XRP, making up 91% of its weight;
  • Institutional investors can access COIN50 via perpetual futures, while retail investors may use Coinbase Advanced.
Coinbase Rolls Out COIN50: A New Benchmark for Top Digital Assets

Coinbase $6.3B , a popular cryptocurrency exchange, has introduced a new benchmark for monitoring over 50 of the most influential digital assets.

Announced on November 12, the COIN50 Index highlights the company’s commitment to expanding its offerings in markets beyond traditional financial hubs.

The COIN50 Index focuses on prominent cryptocurrencies on Coinbase, providing investors with a clear indicator of broader market trends. Bitcoin BTC $89,469.60 , Ethereum ETH $3,139.02 , Cardano ADA $0.5633 , Solana SOL $215.29 , XRP XRP $0.7960 , and Dogecoin DOGE $0.3945 collectively dominate the index, accounting for 91% of its weight.

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Coinbase’s COIN50 product is specifically designed with markets in emerging and crypto-friendly regions in mind, intentionally excluding major financial centers such as the United States, the United Kingdom, and Canada.

Through Coinbase International Exchange, qualified institutional investors can gain exposure to the index via perpetual futures contracts. Retail investors will have access to this benchmark via Coinbase Advanced, allowing them a similar exposure on a smaller scale.

By launching COIN50, Coinbase enters a competition focusing on high-demand crypto assets and international investor accessibility.

In other news, Binance has sparked a memecoin surge, with 80% of newly listed tokens experiencing significant gains shortly after their debut on the exchange. Which memecoins are leading the surge? Read the full story.

Aaron S. , Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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