Coinbase Rolls Out COIN50: A New Benchmark for Top 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 $82,614.03 , Ethereum ETH $1,817.05 , Cardano ADA $0.6687 , Solana SOL $125.73 , XRP XRP $2.15 , and Dogecoin DOGE $0.1690 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.