Coinbase Derivatives to Launch COIN50 Perpetual Futures Contract

Odaily News: Coinbase Derivatives, a subsidiary of Coinbase, has announced the upcoming launch of the COIN50 perpetual futures contract. The company stated that this is the first time in the US market that a single perpetual futures contract provides 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 designed 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 single component weight of 50%. Coinbase stated that achieving diversified allocation through a single contract helps simplify trading strategies and better aligns with overall market trends.