Coinbase derivatives will launch the COIN50 perpetual futures contract

Coinbase's Coinbase Derivatives has announced the upcoming launch of the COIN50 perpetual futures contract. The official statement indicates that this is the first time in the U.S. market that a single perpetual futures contract will provide investors with overall exposure to the top 50 digital assets. The related product will be available to both retail and institutional traders and will be offered through approved futures commission merchants (FCMs).

The Coinbase 50 Index (COIN50) is used to track the performance of the top 50 digital assets by market capitalization and liquidity, covering Bitcoin, Ethereum, and various emerging tokens. The index is rebalanced quarterly, with a maximum weight limit of 50% for any single component. Coinbase states that diversification can be achieved through a single contract, helping to simplify trading strategies and align more closely with overall market trends.