Coinbase has introduced the COIN50 Index, which tracks the performance of the top 50 cryptocurrencies by market capitalization. The index is designed to provide a comprehensive view of the crypto market, similar to the S&P 500. Currently, the COIN50 is heavily weighted in Bitcoin and Ethereum, with the remaining coins making up only 11.2% of its distribution.
This index aims to provide diversified exposure to the main sectors within the crypto industry, such as media and entertainment, payments, and memecoins.
