Coinbase Launches COIN50 Index, Crypto Market's S&P 500 Equivalent

Publicly traded company Coinbase has launched an equivalent of the crypto market’s S&P 500 Index. Dubbed Coinbase 50 (COIN50) Index, this new product represents the top 50 digital assets listed on its exchange that meet the index’s fundamental criteria for inclusion. The product marks the new strategy for Coinbase to boost its influence in the broader market.