CoinDesk Launches New Crypto Index To Benchmark Top 20 Coins
• CoinDesk Indices introduced the CoinDesk 20 index to track top cryptocurrencies, similar to the Dow and S&P 500 for stocks
• The index includes the 20 largest, most liquid cryptos like Bitcoin and Ethereum, representing over 90% of the crypto market
• Bullish exchange launched perpetual futures contracts tied to the CoinDesk 20 index for institutional investors
• The index gives crypto a flagship benchmark to indicate overall market performance, unlike current indices
• Weightings limit Bitcoin at 30% and other coins at 20% to ensure a diverse representation of the broader crypto market