Coinbase has launched the COIN50, an index representing the top 50 assets on its exchange. It provides traders with exposure to a diversified crypto portfolio and is available as a perpetual futures contract with up to 20x leverage. The COIN50 reflects a broad range of crypto sectors, weighted primarily by market cap, with Bitcoin holding the largest share.
A Benchmark for Growing Investor Interest
According to Coinbase’s head of research, David Duong, the COIN50 was created to meet the growing demand for a comprehensive crypto benchmark that adapts to market shifts. By including assets from various crypto sectors, the COIN50 offers traders a diverse representation, similar to how the S&P 500 functions for traditional markets.Leveraged Trading for Institutional and Advanced Retail Users
The COIN50-PERP perpetual futures contract, available to eligible institutional and retail users, offers up to 20x leverage, allowing traders to capitalize on crypto market movements without an expiration date. It is currently available outside the U.S., U.K., and Canada, providing international traders with advanced exposure to the crypto market.
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