Coinbase launches Coin50 index as crypto version of S&P 500

Crypto Exchanges Forum Coinbase
61

@Carter
Yeah but those coins in it will benefit a lot

62

WillKent said:
@Carter
Yeah but those coins in it will benefit a lot

Not really. It’s not a spot fund. It’s just futures; the actual cryptos aren’t bought when investing in it. It could be worse because this is money that could have been used to buy real cryptos.

Of course, it’s good for exposure.

63

@Carter
Not available yet for retail in the U.S.

64

@Carter
You read the article.

A person on this forum reading an article!

As Lord Bogdanoff says:

“Can’t beeelive eet!”

65

@Carter
It’s available for those in Europe though

66

This is basically a Bitcoin ETF coming next year. Coinbase is always ahead.

67

Caius said:
Can I buy this?

Probably not. No retail buyers from the U.S., UK, or Canada.

68

Does this mean Coinbase will buy Monero since that’s in the top 50?

69

Suleiman said:
Does this mean Coinbase will buy Monero since that’s in the top 50?

XMR is the people’s digital cash.

70

Tyson said:

Suleiman said:
Does this mean Coinbase will buy Monero since that’s in the top 50?

XMR is the people’s digital cash.

It’s trending down to zero against Bitcoin.

71

@MysteryMaverick
Bitcoin is definitely NOT the people’s private digital cash.

72

Suleiman said:
Does this mean Coinbase will buy Monero since that’s in the top 50?

This is one of the criteria, so probably not.

Blockchain Architecture: This refers to the inherent design of the blockchain. Key features that must be met for a network to be a public blockchain include transparency, immutability, cryptographic algorithm, permissionless consensus, pseudonymity, and peer-to-peer network.

73

@Maxwell

immutability

Wow, no Ethereum either?

permissionless consensus

Aww, there goes a lot of corporate coins, practically half the field.

74

My top crypto currencies of all time:

  1. Bitcoin
  2. There is no second best
75

Wylder said:
My top crypto currencies of all time:

  1. Bitcoin
  2. There is no second best

My top five rappers of all time:

  1. Dylan
  2. Dylan
  3. Dylan
  4. Dylan
  5. Dylan
76

gif

77

On Bitpanda there have been coin indices 5, 10, and 25 for years.
They get rebalanced each month and do pretty well.

78

I love this! I hope it gets rebalanced like the S&P 500. I hope it gains popularity and helps people DCA more easily.

79

Casey said:
I love this! I hope it gets rebalanced like the S&P 500. I hope it gains popularity and helps people DCA more easily.

Quarterly

80

CryptoChatter said:

Casey said:
I love this! I hope it gets rebalanced like the S&P 500. I hope it gains popularity and helps people DCA more easily.

Quarterly

It probably needs to be weekly to keep up with the latest trends or meme coins.