Overview
CoinDesk Indices has introduced two new products designed to track price movements of memecoins and the top one hundred cryptocurrencies by market capitalization. This launch aims to meet the increasing demand from institutional and professional investors looking for exposure in diverse cryptocurrency markets, as announced during the Consensus Hong Kong event.
Key Features
- The CoinDesk Memecoin Index will monitor the largest fifty memecoins, including prominent names like DOGE, SHIB, and FLOKI.
- The CoinDesk 100 will serve as a comprehensive benchmark for the top one hundred tokens sorted by market cap.
Insights
Chris Tyrer from Bullish remarked, “The CoinDesk Memecoin Index responds to traders’ need for liquidity and volatility, while the CoinDesk 100 provides a one-stop access point to the most liquid tokens.”
He added, “We are thrilled to continue providing our clients access to the broader digital asset landscape, complementing these indices with our robust regulatory framework.”
The memecoin index will be rebalanced monthly, ensuring a fair representation of both emerging and established tokens. The CoinDesk 100 Index is market-cap weighted, offering a singular reference for structured products, ETFs, and risk management strategies.
The exchange Bullish is set to list perpetual futures on both indices, both enhanced with deep liquidity for around-the-clock trading. This development builds on the success of the earlier CoinDesk 20 and CoinDesk 80 perpetuals, which have already seen substantial trading volume.
