Coinbase launches COIN50 index and offers perpetual contracts with up to 20x leverage

PANews reported on November 12 that according to The Block, Coinbase launched a new index COIN50, tracking the top 50 digital assets that meet basic standards. The index is also available for trading in the form of COIN50-PERP perpetual contracts, supporting up to 20 times leverage.

The COIN50 index is designed to provide crypto investors with a broad representation of the market, including mainstream assets such as Bitcoin and Ethereum. Its constituent assets are weighted by market capitalization, with Bitcoin accounting for 50.3%, Ethereum 27.5%, and Solana, XRP, and Dogecoin accounting for about 11.2%. Compared with existing crypto indices, COIN50 covers multiple crypto fields more comprehensively, not just infrastructure assets.

COIN50-PERP perpetual contracts allow traders to hold positions indefinitely and are suitable for institutions and advanced users in certain regions. Coinbase plans to continue exploring more ways for users to access the index.

Original Link

Share to:

Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

Follow PANews official accounts, navigate bull and bear markets together

PANews WeChat Group

Telegram Discussion Group

Telegram News Channel

@PANewsCN

Recommended Reading

PA一线2024-11-12 13:05

Web3 AI company Eidon AI completes $3.5 million seed round led by Framework Ventures

PA一线2024-11-12 13:00

Pundi X releases new industry report examining opportunities and challenges for enterprises using artificial intelligence to drive crypto payments

PA一线2024-11-12 12:31

An ETH long position of 945.75 WETH was liquidated during the recent market decline

PA一线2024-11-12 12:24

BounceBit: CeDeFi V2 platform is now officially launched

PA一线2024-11-12 12:16

In the past 24 hours, the total network contract liquidation was 1 billion US dollars, and both long and short positions were liquidated

PA一线2024-11-12 12:11

BNB Chain and TADA Mini Program provide free taxi service to users in Bangkok during Devcon

Hot Search:Ordinal ETF FTX SBF Polygon SOL Filecoin Sui Arbiturm 香港 NFT Starknet Aptos zkSync Optimism Layer2 空投 Cosmos

Curated Series

$4.3 billion settlement: The CZ era ends, and Binance moves closer to compliance

In the early morning of November 22, Beijing time, the Ministry of Justice held a press conference to announce Binance’s settlement. Binance agreed to criminal charges and paid a fine of $4.3 billion. CZ resigned and Richard Teng will take over as Binance CEO.

Cycles as Friends: 2023 Review and 2024 Outlook

After the ups and downs of 2023, the crypto industry is finally ushering in a special year - 2024, when the fourth halving of Bitcoin will take place.

Beyond digital gold: BRC-20 and inscriptions, opening a new chapter for Bitcoin

The old tree is blooming with new flowers, and the Bitcoin ecosystem is becoming the focus of the whole scene. Ordinals, BRC-20, ORC-20... New terms are emerging one after another. How to explore this newly opened "holy land"? PANews has launched the special topic "Old Trees Blooming with New Flowers: From 0 to 1, a Complete Explanation of Bitcoin Ecology" to interpret the "new era" of Bitcoin for you.

New Project Selection: Capturing the New Web3 Narrative

Web3 is entering an era of great development, with new projects emerging continuously. This special topic collects, organizes, and screens these new projects, hoping that readers can capture new narratives from them.

Bitcoin spot ETF: Once the old money channel is opened, will the bull market carnival follow?

Traditional financial institutions are scrambling to apply for Bitcoin spot ETFs. Is Wall Street about to enter the market in a big way?

Web3 beginners knowledge: How to get started with zero foundation?

Blockchain knowledge popularization