CoinDesk Launches CoinDesk 80 Index to Meet Growing Institutional Demand
CoinDesk Indices, a subsidiary of CoinDesk, has unveiled the CoinDesk 80 Index, designed to cater to the increasing institutional demand for liquidity in a broader range of digital assets. This new index tracks the performance of the next 80 digital assets beyond the CoinDesk 20 Index.
In an exciting development, the Bullish exchange, CoinDesk’s parent company, has listed a perpetual futures contract based on the CoinDesk 80 Index, with the ticker CD80/USDC-PERP. Bullish has seen remarkable success, surpassing $1 trillion in cumulative trading volume since its launch in November 2021.
The CoinDesk 80 Index aims to provide greater market exposure in the altcoin sector, reflecting the increasing interest from institutional investors in digital asset derivatives. It counts market makers like GSR and STS Digital among its clients, with industry leaders recognizing the potential for expanded liquidity and informed trading strategies.
Jon Loflin, Chief Investment Officer at GSR, expressed his enthusiasm for the index’s potential to improve market efficiency. Maxime Seiler, CEO of STS Digital, also highlighted the index’s role in managing exposure across a variety of altcoin offerings.
The CoinDesk 80 Index focuses on liquid and large-market assets while minimizing the inclusion of stablecoins and wrapped tokens. The constituents are market-cap weighted, with a 5% cap per asset to ensure diversification and stability.
Tom Farley, CEO of Bullish, noted that the demand for index products is growing rapidly as digital assets solidify their position in global financial markets. He expressed excitement about launching the CoinDesk 80 Index Perpetual Futures Contract, offering tight spreads, deep liquidity, and a robust regulatory framework to support market participants.
The CoinDesk 20 Index, launched last year, has also seen tremendous success, with over $12 billion in total trading volume and its connection to a variety of investment products worldwide.
