2024

Bitcoin

Vector

<h4><strong><a href="https://www.coinbase.com/es-es/coin50" target="_blank" rel="noopener">This index</a> makes it easy for people to see how the top 50 digital assets are doing in the crypto world, all in one place. </strong></h4> 
<p>Whether you’re new to crypto or a seasoned investor, the COIN50 index offers a simple way to keep an eye on the market.</p> 
<h5><strong>What is the COIN50 Index?</strong></h5> 
<p>The COIN50 Index includes the top 50 eligible digital assets listed on Coinbase, based on their performance and other factors. These assets go through a strict vetting process to make sure they meet Coinbase’s high standards for legal, security, and compliance. This helps ensure that the assets included in the index are trustworthy and safe for investors.</p> 
<p>Coinbase created the COIN50 index with the help of <a href="https://x.com/MarketVector" target="_blank" rel="noopener">Market Vector Indexes</a>. The idea is to give investors an easy way to see how the biggest digital assets are performing. All in one easy-to-follow tool. It’s like a report card for the top 50 cryptocurrencies, showing how they’re doing in real time.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">Meet the Coinbase 50 Index (COIN50), a whole new way to track the performance of the cryptoeconomy. <a href="https://t.co/cFF7G3YXYr">https://t.co/cFF7G3YXYr</a> <a href="https://t.co/PmxkN9grvv">pic.twitter.com/PmxkN9grvv</a></p> 
 <p>— Coinbase <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6e1.png" alt="🛡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@coinbase) <a href="https://twitter.com/coinbase/status/1856328828437623008?ref_src=twsrc%5Etfw">November 12, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h5><strong>Who Can Use COIN50?</strong></h5> 
<p>The COIN50 index is available for institutional users and those with a <a href="https://www.coinbase.com/en-es/learn/advanced-trading" target="_blank" rel="noopener">Coinbase Advanced</a> account. This means that larger investors, like businesses or crypto funds, will be able to track the index and trade it in a new way. These users can also trade the COIN50 through a product called COIN50 perpetual futures (COIN50-PERP), available on Coinbase’s International Exchange.</p> 
<p>However, the COIN50-PERP product is only available in certain countries, like outside the US, UK, and Canada. This means that users in these countries will have access to the product to trade based on the performance of the COIN50 index. Its main assets are BTC, ETH, SOL, XRP, DOGE, and ADA.</p> 
<p><img decoding="async" class="wp-image-155300 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/11/yjtukyyujrtew-300x96.jpg" alt="" width="700" height="224" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/11/yjtukyyujrtew-300x96.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/11/yjtukyyujrtew-768x245.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2024/11/yjtukyyujrtew-696x222.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2024/11/yjtukyyujrtew.jpg 840w" sizes="(max-width: 700px) 100vw, 700px"></p> 
<h5><strong>Why is This Important?</strong></h5> 
<p>The COIN50 Index is a big deal because it offers a simple and trustworthy way to track the most important digital assets in crypto. Instead of checking each asset one by one, users can now look at the performance of the top 50 together.</p> 
<p>With this move, Coinbase is making it easier for people to navigate the sometimes confusing world of cryptocurrencies. As the crypto world continues to grow, tools like the COIN50 index will help investors stay on top of the latest trends.</p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/coinbase-unveils-coin50-index-for-crypto-tracking/">Coinbase Unveils COIN50 Index for Crypto Tracking</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Coinbase Unveils COIN50 Index for Crypto Tracking

Altcoin Buzz

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