Coinbase has launched a new tool for investors - the COIN50 index, providing an easy way to track the performance of the leading 50 digital assets in the cryptocurrency world.
What is the COIN50 Index?
The COIN50 Index comprises the top 50 digital assets listed on Coinbase, going through a strict vetting process for legal, security, and compliance standards. This tool acts as a 'report card' for cryptocurrencies, offering real-time performance data.
Who Can Use COIN50?
The COIN50 index is available for institutional users and those with a Coinbase Advanced account. They can trade through the COIN50 perpetual futures (COIN50-PERP) available on Coinbase’s International Exchange, outside the US, UK, and Canada. The main assets include BTC, ETH, SOL, XRP, DOGE, and ADA.
Why is This Important?
The COIN50 Index simplifies tracking major cryptocurrencies, allowing users to observe trends of all 50 at once, easing navigation in the crypto world.
With the COIN50 index, Coinbase aids investors in keeping up with key changes in the digital asset market, offering a valuable tool for analysis and trading.
