Coinbase launches ‘Coin50’ index as crypto equivalent to S&P 500 and a balance to Bitcoin
The largest crypto exchange in the U.S. is launching its own version of the S&P 500 — sort of. Coinbase is launching the Coinbase 50 Index, or Coin50, which provides investors with a broad and accessible tool to better understand how the market is performing as a whole.
As the crypto industry matures and institutional investors enter the space, Coinbase is seeking to evolve alongside it by offering a reliable measurement that accurately portrays the growing size and diversity of the market. Head of institutional products at Coinbase Greg Tusar told Fortune that he hopes the index will become the go-to benchmark for investors.
“What we’re trying to do is establish a benchmark that is not specific to any asset, that’s…
