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Coinbase launches ‘Coin50’ index as crypto equivalent to S&P 500 and a balance to Bitcoin

Summary by Fortune
The Coin50 index includes the top 50 cryptocurrencies ranked by market cap and provides a comprehensive view of industry performance.

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The Coinbase the largest exchange of cryptocurrencies in the United States, launched an index called Coinbase Index 50 (COIN50) on Tuesday (12), serving as a rival to the traditional S&P 500, which brings together the 500 largest companies in the United States. According to a document published by the broker, the index is made up of 50 coins, but the [...] The Coinbase entry launches 'Coin50' to compete with the S&P 500 was first published in La…

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Fortune broke the news in New York, United States on Tuesday, November 12, 2024.
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