Coinbase Unveils New Crypto Market Benchmark with COIN50

​Coinbase has launched the Coinbase 50 Index, or COIN50, a fresh market benchmark that tracks the top 50 digital assets available on Coinbase Exchange, providing a new tool for both traders and investors to gauge the broader crypto market's performance. Developed through a collaboration with Coinbase Asset Management and Market Vector Indexes, COIN50 leverages insights from Coinbase's existing indices and methodology, which apply a strict vetting process to assess assets based on factors like token economics, blockchain design, and security.

The index, encompassing approximately 80% of the global crypto market cap, gives a snapshot of the leading assets on Coinbase Exchange, each selected through a rigorous process covering legal and compliance standards, alongside technical security checks. COIN50 is designed to cater to a growing demand for index-based crypto investment options and is set to pave the way for more accessible trading.

Starting today, institutional and advanced retail traders outside the U.S., U.K., and Canada will be able to trade COIN50 via a perpetual futures contract with up to 20x leverage on Coinbase International Exchange and Coinbase Advanced. This new contract offers a streamlined approach for eligible traders to gain exposure to the top-performing digital assets, underscoring Coinbase's expanding international reach and innovative approach to market indices.