New CoinDesk Index Launches for Broader Digital Asset Exposure
CoinDesk Indices has launched the CoinDesk 80 Index to meet the rising demand for diverse digital asset exposure, accompanied by new perpetual futures contracts.
CoinDesk Indices, a branch of CoinDesk, has launched the CoinDesk 80 Index aimed at fulfilling the growing institutional demand for a diversified portfolio of digital assets.
This new index tracks the performance of the next 80 digital assets beyond the CoinDesk20 Index, as stated in a press release. The Bullish exchange, which has achieved over $1 trillion in cumulative trading volume since its launch in November 2021, features a perpetual futures contract linked to the new index marked by the ticker CD80/USDC-PERP.
The index has already attracted clients such as cryptocurrency market makers GSR and STS Digital. “We’re excited about the broader opportunity this brings to expand liquidity and enhance trading strategies,” expressed Jon Loflin, Chief Investment Officer at GSR.
As interest continues to rise among institutional investors for derivatives in digital assets, the index is poised to offer greater market exposure in the altcoin sector. “The new CoinDesk 80 Index Perpetual Future will enable us to manage market exposure effectively across our diverse altcoin offerings. It is yet another innovative product from Bullish,” stated Maxime Seiler, CEO of STS Digital Ltd.
Some highlights of the CoinDesk 80 Index include:
- Emphasis on liquid, large-market assets, minimizing exclusions for stablecoins and wrapped tokens, alongside rigorous liquidity assessments.
- The index constituents are weighted by market capitalization, with a 5% cap on any single asset to ensure diversification.
Tom Farley, CEO of Bullish, noted, “The growing demand for index products highlights the integration of digital assets into mainstream financial markets. We are eager to launch the CoinDesk 80 Index Perpetual Futures Contract on our platform, utilizing our competitive spreads, deep liquidity, and strong regulatory framework to support market participants.”
Previously, CoinDesk Indices introduced the CoinDesk20 Index, which measures larger-cap digital assets and has registered more than $12 billion in total trading volume since its inception.
