CoinDesk Indices Rolls Out New Index to Include Digital Assets Beyond the Top 20.

CoinDesk Indices Debuts CoinDesk 80 Index to Enhance Liquidity for Digital Assets

CoinDesk Indices, a subsidiary of CoinDesk, has launched the CoinDesk 80 Index to meet the growing institutional demand for diverse liquidity across digital assets. This new index aims to track the performance of the next 80 largest digital assets, expanding on the CoinDesk 20 Index, according to a press release.

In addition to the launch, Bullish, CoinDesk’s parent company, has introduced a perpetual futures contract linked to the CoinDesk 80 Index under the ticker CD80/USDC-PERP. Since its launch in November 2021, Bullish has surpassed $1 trillion in cumulative trading volume.

The CoinDesk 80 Index is designed to provide traders with broader exposure to the altcoin market, responding to increased interest from institutional investors in digital asset derivative markets. The index already counts GSR and STS Digital as clients. Jon Loflin, Chief Investment Officer at GSR, shared, “We’re excited about the broader opportunity this brings to expand liquidity, empower informed trading strategies, and help the crypto ecosystem mature.”

As institutional demand for crypto derivatives rises, the CoinDesk 80 Index aims to offer efficient ways for traders to access more diverse market segments. Maxime Seiler, CEO of STS Digital Ltd, added, “The CoinDesk 80 Index Perpetual Future will help us manage market exposure from our broad altcoin offerings to clients. It’s another valuable product from Bullish, enhancing their strong product suite.”

Key features of the CoinDesk 80 Index include a focus on large, liquid assets with a 5% cap per asset to ensure diversity, as well as comprehensive liquidity screening. The index excludes stablecoins and wrapped tokens, focusing on digital assets with strong market liquidity.

Commenting on the launch, Tom Farley, CEO of Bullish, said, “The demand for index products is increasing as digital assets continue to solidify their role in global financial markets. We are excited to offer the CoinDesk 80 Index Perpetual Futures Contract, utilizing our deep liquidity, tight spreads, and regulatory framework to support market participants.”

The CoinDesk 20 Index, which debuted a year ago, has already seen over $12 billion in total trading volume and is linked to multiple investment products globally, underscoring the growing importance of index products in the digital asset ecosystem.