CoinDesk Indices Debuts New Index that Expands Exposure Beyond the Top 20 Digital Assets.

CoinDesk Indices Launches CoinDesk 80 Index to Offer Broader Digital Asset Exposure

CoinDesk Indices, a subsidiary of CoinDesk, has officially launched the CoinDesk 80 Index, expanding its suite of digital asset tracking products to meet the growing institutional demand for broader market exposure. This new index is designed to track the performance of the next 80 largest digital assets, going beyond the scope of the CoinDesk 20 Index, according to a press release.

In conjunction with the index launch, Bullish, the parent company of CoinDesk, has introduced a perpetual futures contract linked to the CoinDesk 80 Index under the ticker CD80/USDC-PERP. Since its debut in November 2021, Bullish has achieved over $1 trillion in cumulative trading volume, solidifying its role as a significant player in the crypto derivatives market.

The CoinDesk 80 Index is expected to provide a more diversified market exposure for traders, especially in the altcoin sector, which is seeing increasing interest from institutional investors. Leading crypto market makers such as GSR and STS Digital are already utilizing the new index. Jon Loflin, Chief Investment Officer at GSR, stated, “The CoinDesk 80 Index presents a valuable opportunity to expand liquidity, enhance trading strategies, and drive further growth in the crypto space.”

As demand for digital asset derivatives continues to rise, the new index will allow traders to gain exposure to a wider variety of assets outside of the top 20 digital currencies. Maxime Seiler, CEO of STS Digital Ltd, said, “The CoinDesk 80 Index Perpetual Future is an excellent tool for managing exposure across our altcoin offerings. This is another innovative product from Bullish, adding significant value to their portfolio.”

The CoinDesk 80 Index is built with a focus on liquidity, excluding stablecoins and wrapped tokens. The index constituents are weighted based on market capitalization, with a 5% cap per asset to ensure adequate diversification.

Tom Farley, CEO of Bullish, emphasized, “As digital assets become an integral part of global financial markets, the demand for index products has grown. The CoinDesk 80 Index Perpetual Futures Contract is a key offering that will help market participants navigate the evolving crypto landscape with deep liquidity and robust regulatory support.”

Since the launch of the CoinDesk 20 Index a year ago, which tracks larger-cap digital assets, the CoinDesk 20 has recorded more than $12 billion in total trading volume and is linked to a wide range of investment products globally, highlighting the increasing relevance of index-based products in the digital asset market.

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