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Coinbase has launched a new index, the Coinbase 50 Index (COIN50), to help investors track the performance of over 50 digital assets listed on its exchange.
Announced on November 12, COIN50 offers broad exposure to significant market trends within the crypto sector. The index is heavily weighted toward six main cryptocurrencies—Bitcoin, Ethereum, Solana, Dogecoin, XRP, and Cardano—which together account for 91% of its value.
Designed primarily for institutional investors outside of key markets like the U.S., U.K., and Canada, the index is accessible through a perpetual futures contract available on Coinbase’s International Exchange.
Institutional investors can use these contracts to continuously trade based on the index’s performance, while retail investors can access the product via Coinbase Advanced.
This latest index is Coinbase’s follow-up to its earlier attempt at a crypto benchmark with the Coinbase Index Fund in 2018, which required a $250,000 minimum investment and was discontinued just a few months after launch in favor of more accessible options.
COIN50 now positions itself alongside competing benchmarks from global players such as S&P Global’s Cryptocurrency Indices and the Nasdaq Crypto Index (NCI), which track a variety of digital assets with a strong focus on Bitcoin and Ethereum.