Coinbase launches the COIN50 index to invest in the top 50 crypto

The post Coinbase launches the COIN50 index to invest in the top 50 crypto appeared on BitcoinEthereumNews.com. The famous cryptocurrency exchange Coinbase has just launched COIN50, an index that replicates the performance of the top 50 digital assets by market capitalization. The instrument, tradable on Coinbase International Exchange and Coinbase Advanced, offers the possibility to easily invest in the crypto sector in a diversified way. The choice of the platform to introduce COIN50 reflects the ever-increasing interest of investors towards Bitcoin and the major tokens. Let’s see all the details below.  Coinbase introduces the benchmark index COIN50  With an unexpected move, the well-known US exchange Coinbase has launched a new global crypto benchmark called COIN50. This is an index that represents the top 50 digital assets listed on Coinbase (excluding stablecoin) that meet certain specific admission requirements. Coinbase Asset Management and Market Vector Indexes lead the oversight of this instrument, which appears to comply with international regulations (non US) Investors can rely on this cryptographic tool for transparent and reliable exposure to the bull and bear cryptocurrency market. Approximately from January 1, 2021, to September 30, 2024, the top 50 tokens in the market have outperformed Bitcoin in terms of economic return. The individual assets contained within it are weighted based on their market capitalization, with Bitcoin which is obviously the primary currency. In more detail, the orange coin makes up 50.3% of the new Coinbase index, while Ethereum represents 27.5%. Following Solana with 6.4%, Ripple with 3.1%, Dogecoin with 1.5% and the rest of the top 45 crypto with 11.2%. This breakdown highlights how the performance of COIN50 depends on almost 90% from the first 5 coins just listed. Diversification and reference categories In a manner similar to other indices in the crypto world, the new Coinbase index opens the doors to diversified investments in the crypto world. Drawing inspiration from the benchmark of the S&P500,…

Nov 12, 2024 - 14:00
 0  1
Coinbase launches the COIN50 index to invest in the top 50 crypto

The post Coinbase launches the COIN50 index to invest in the top 50 crypto appeared on BitcoinEthereumNews.com.

The famous cryptocurrency exchange Coinbase has just launched COIN50, an index that replicates the performance of the top 50 digital assets by market capitalization. The instrument, tradable on Coinbase International Exchange and Coinbase Advanced, offers the possibility to easily invest in the crypto sector in a diversified way. The choice of the platform to introduce COIN50 reflects the ever-increasing interest of investors towards Bitcoin and the major tokens. Let’s see all the details below.  Coinbase introduces the benchmark index COIN50  With an unexpected move, the well-known US exchange Coinbase has launched a new global crypto benchmark called COIN50. This is an index that represents the top 50 digital assets listed on Coinbase (excluding stablecoin) that meet certain specific admission requirements. Coinbase Asset Management and Market Vector Indexes lead the oversight of this instrument, which appears to comply with international regulations (non US) Investors can rely on this cryptographic tool for transparent and reliable exposure to the bull and bear cryptocurrency market. Approximately from January 1, 2021, to September 30, 2024, the top 50 tokens in the market have outperformed Bitcoin in terms of economic return. The individual assets contained within it are weighted based on their market capitalization, with Bitcoin which is obviously the primary currency. In more detail, the orange coin makes up 50.3% of the new Coinbase index, while Ethereum represents 27.5%. Following Solana with 6.4%, Ripple with 3.1%, Dogecoin with 1.5% and the rest of the top 45 crypto with 11.2%. This breakdown highlights how the performance of COIN50 depends on almost 90% from the first 5 coins just listed. Diversification and reference categories In a manner similar to other indices in the crypto world, the new Coinbase index opens the doors to diversified investments in the crypto world. Drawing inspiration from the benchmark of the S&P500,…

What's Your Reaction?

like

dislike

love

funny

angry

sad

wow