Summary:
- CoinDesk Indices debuts the CoinDesk 80 Index to cater to the growing demand for diversified exposure.
- Bullish Exchange has launched perpetual futures tied to the new offering.
CoinDesk Indices, a subsidiary of CoinDesk, has introduced the CoinDesk 80 Index to address the increasing institutional demand for liquidity across diverse digital assets.
NEW YORK,Ā Jan. 21, 2025Ā /PRNewswire/ --Ā CoinDesk IndicesĀ is proud to announce the launch of theĀ CoinDesk 80 Index,Ā designed to track the performance of the next 80 leading digital assets after theĀ CoinDesk 20 Index. This innovative index provides seamless and diversified exposure to the evolving digital asset landscape, meeting the growing demand from institutional trading firms for liquidity on a larger breadth of digital assets.
As the digital asset market matures, institutional participation continues to accelerate. Investors are increasingly seeking opportunities beyondĀ bitcoinĀ and ether to diversify their portfolios. Since its debut inĀ January 2024, the CoinDesk 20 Index has become the industry benchmark for larger-cap digital assets, driving overĀ $12 billionĀ in total trading volume and underpinning more than a dozen investment products globally. The CoinDesk 80 Index builds on this success by capturing the next tier of large and liquid digital assets.
To support this launch,Ā Bullish Exchange, one of the fastest-growing regulated digital asset exchanges, has listed a CoinDesk 80 Index Perpetual Futures Contract (CD80/USDC-PERP). Bullish, which has surpassedĀ $1 trillionĀ in cumulative trading volume since its launch inĀ November 2021, continues to expand its offerings to meet institutional and retail demand. In 2H 2024, the platform recorded average daily trading volumes exceedingĀ $2 billion.
Maxime Seiler, CEO, STS Digital Ltd,Ā BermudaĀ said, "The CoinDesk 80 Index Perpetual Future will enable us to efficiently manage market exposure arising from our wide-rangingĀ altcoinĀ option offering to our clients. It is another innovative product from Bullish, enhancing their strong product suite and bringing index derivatives forward."
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"CoinDesk Indices is committed to creating tradable and trusted benchmarks," saidĀ Alan Campbell, President of CoinDesk Indices. "With the CoinDesk 80, we're addressing institutional demand for exposure beyond the top 20 digital assets. This index provides a scalable solution for trading, risk management, and allocation. We're thrilled to see early adoption and growing liquidity as we expand our suite of regulated indices."
The next tier is here. Key Features of the CoinDesk 80 Index:
- Liquidity and Scalability: Focused on assets with high liquidity and significant market size.
- Minimal Exclusions: Stablecoins, wrapped, pegged, staked, and gas tokens.
- Comprehensive Liquidity Screening: Evaluates /USD, /USDC, and /USDT pairs on top-tier exchanges ranked by CCData, an affiliate of CoinDesk.
- Market Cap Weighting: Constituents are weighted by market cap, with a 5% cap per asset to ensure diversification.
- Quarterly Reconstitution: Aligns withĀ CoinDesk 20 reconstitutions, using buffers to reduce turnover and adhering to a robustĀ governance framework.
"The demand for index products is growing as digital assets become an established part of global financial markets," saidĀ Tom Farley, CEO of Bullish.
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"We are excited to launch the CoinDesk 80 Index Perpetual Futures Contract on our platform, leveraging our tight spreads, deep liquidity, and robust regulatory framework to support market participants."
To learn more about the CoinDesk 80 Index, please visitĀ coindesk.com/price/cd80.
For more information onĀ CoinDesk 80 perpetual futuresĀ offered by Bullish, pleaseĀ get in touchĀ with a Bullish Relationship Manager.
About CoinDesk Indices
Since 2014, CoinDesk Indices has been at the forefront of the digital asset revolution, empowering investors globally. A portfolio company of the Bullish Group, our indices form the foundation of the world's largest digital asset products. Through the recent addition of CC Data Limited, an FCA regulated benchmark administrator, CoinDesk Indices now offers BMR-compliant products across multi-asset indices, reference rates, and strategies. Flagships such as the CoinDeskĀ BitcoinĀ Price Index and the CoinDesk 20 Index set the industry standard for measuring, trading, and investing in digital assets. With tens of billions of dollars in benchmarked assets, CoinDesk Indices is a trusted partner.
Discover more atĀ coindeskmarkets.com.
About Bullish
With a focus on developing products and services for the digital assets sector, Bullish has rewired the traditional exchange to benefit asset holders, enable traders and increase market transparency. Supported by the Group's well-capitalized treasury, Bullish's digital asset spot and derivatives trading services utilize high-performance central limit order matching and proprietary market making technology to deliver deep liquidity and tight spreads within a compliant framework.
Launched inĀ November 2021, the exchange is available in 50+ select jurisdictions inĀ Asia Pacific,Ā Europe,Ā Africa, andĀ Latin America. Bullish prioritizes compliance andĀ safeguarding customer assetsĀ through robust security measures and regulatory oversight. The business is licensed by theĀ German Federal Financial Supervisory Authority (BaFin)Ā and theĀ Gibraltar Financial Services Commission. For more information on Bullish, please visitĀ bullish.comĀ and followĀ LinkedInĀ andĀ X.
