The index, which follows a detailed methodology for diversification, evaluates cryptocurrencies based on rigorous fundamental criteria.<\/p>\n
On December 2, Coinbase revealed<\/a><\/strong> that Axie Infinity (AXS<\/a><\/strong>), Blur (BLUR<\/a><\/strong>), Jasmy (JASMY<\/a><\/strong>), Kusama (KSM<\/a><\/strong>), and MultiversX (EGLD) are now included in the COIN50. This announcement follows a similar update from Coinbase on November 13, when it expanded cryptocurrency listings for New York residents. Notably, MultiversX was featured in both the listing and the index reshuffling, signaling strong potential as the market grows.<\/p>\n Since its launch on November 12, 2024, the Coinbase 50 Index has outperformed the broader cryptocurrency market. Trading at approximately $475, COIN50 has surged over 23%, surpassing the 18.33% increase of the Total Market Cap Index (TOTAL) and Bitcoin\u2019s 9.43% rise. These results indicate the index\u2019s strength, with its perpetual contracts showing a 5%-14% advantage over other major assets.<\/p>\n