CoinDesk Indices Unveils CoinDesk 80 Index to Diversify Digital Asset Exposure
CoinDesk Indices, a division of CoinDesk, has launched the CoinDesk 80 Index to expand its offerings and cater to the growing institutional demand for more diversified digital asset exposure. This new index is designed to track the performance of the next 80 largest digital assets, complementing the existing CoinDesk 20 Index and providing broader market coverage.
In line with this launch, Bullish, the parent company of CoinDesk, has introduced a perpetual futures contract linked to the CoinDesk 80 Index, available under the ticker CD80/USDC-PERP. Since its inception in November 2021, Bullish has reached over $1 trillion in cumulative trading volume, further establishing its role in the growing crypto derivatives space.
The CoinDesk 80 Index will allow traders to gain exposure to a wider range of assets beyond the largest cryptocurrencies, helping meet the demand from institutional investors for more comprehensive market access. Crypto market makers GSR and STS Digital are among the first clients of the index. Jon Loflin, Chief Investment Officer at GSR, shared, “This index presents a significant opportunity to boost liquidity and support advanced trading strategies, aiding the continued development of the cryptocurrency ecosystem.”
With increased interest in digital asset derivatives, the CoinDesk 80 Index will provide broader opportunities in the altcoin market, where institutional demand has been rising. Maxime Seiler, CEO of STS Digital Ltd, said, “The CoinDesk 80 Index Perpetual Future will be a valuable tool for managing altcoin market exposure and strengthening Bullish’s already impressive product lineup.”
The CoinDesk 80 Index focuses on large and liquid digital assets, excluding stablecoins and wrapped tokens. The index’s assets are weighted by market cap, with a 5% cap per asset to ensure adequate diversification.
Tom Farley, CEO of Bullish, commented, “As digital assets become more embedded in the global financial ecosystem, the demand for diversified index products has grown. We’re excited to offer the CoinDesk 80 Index Perpetual Futures Contract, backed by our deep liquidity, competitive spreads, and strong regulatory framework.”
Since the debut of the CoinDesk 20 Index a year ago, which tracks major digital assets, the CoinDesk 20 has seen $12 billion in total trading volume and is connected to numerous investment products globally, underscoring the increasing importance of index-based investment strategies in the crypto market.
