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CoinDesk 20

Last Updated: January 16, 2025

The CoinDesk 20 Index captures the performance of twenty top digital assets.

Background

Built using the Digital Asset Classification Standard (DACS) and drawn from the CoinDesk Market Index (CMI) universe, CoinDesk 20 constituents satisfy additional criteria to support product implementation at scale. Selection criteria includes liquidity screening as well as which exchanges are actively trading them. CoinDesk 20 assets are ranked and weighted by market capitalization with caps in place. The CoinDesk 20 Index is calculated and published once every five seconds.

Launch

CoinDesk 20 launched on January 12, 2024 with a base date of October 4, 2022 and a base level of 1000.

CoinDesk 20 became available for trading on Bullish on January 16, 2024.

What’s CoinDesk 20’s place in the Ecosystem?

As the new digital asset class emerges beyond Bitcoin, so does the opportunity for a new reference index to measure performance, invest and trade. CoinDesk Indices (CDI), a subsidiary of CoinDesk, a provider of digital asset indices and taxonomy standards, captures over 90% of the digital asset market with the CoinDesk 20 Index. Built for trading with digital asset derivatives in mind, the index is designed to be liquid and offer diversification benefits across all constituents.

CoinDesk Indices, Inc., including CC Data Limited, its affiliate which performs certain outsourced administration and calculation services on its behalf (collectively, “CDI””), does not sponsor, endorse, sell, promote, or manage any investment offered by any third party that seeks to provide an investment return based on the performance of any index. CDI is neither an investment adviser nor a commodity trading advisor and makes no representation regarding the advisability of making an investment linked to any CDI index. CDI does not act as a fiduciary. A decision to invest in any asset linked to a CDI index should not be made in reliance on any of the statements set forth in this document or elsewhere by CDI. All content displayed here or otherwise used in connection with any CDI index (the “Content”) is owned by CoinDesk Indices and/or its third-party data providers and licensors, unless stated otherwise by CDI. CDI does not guarantee the accuracy, completeness, timeliness, adequacy, validity, or availability of any of the Content. CDI is not responsible for any errors or omissions, regardless of the cause, in the results obtained from the use of any of the Content. CDI does not assume any obligation to update the Content following publication in any form or format. CDI indices have been licensed by CDI. CDI is a member of the Bullish Group.

Information on this page includes third party content and content provided by CDI. Such content has not been verified or endorsed by Bullish. Bullish does not warrant that such content is complete, accurate, up-to-date or appropriate for your intended use and Bullish is not liable for any errors or delays in updating such content or ensuring its availability. Any reliance on or interaction with such content is solely at your own risk. Material provided on this page is for informational purposes only and does not constitute investment advice. This information is not and should not be interpreted as a recommendation to buy, sell, or hold a digital or fiat currency or to use a particular investment strategy. You should conduct due diligence before deciding whether to transact in any digital asset or fiat currency. Any prices displayed are for illustrative purposes only. Not all digital assets or products may be available in all jurisdictions or to all types of customers. Please see the Risk Warnings for important additional information.

The Bullish Group and related parties engage in a range of businesses that may involve: trading their own assets on the Bullish exchange or elsewhere; holding or owning digital currencies or fiat currencies or derivatives contracts traded on or off of the Bullish exchange; participating in or performing other services and transactions on the Bullish exchange or that relate to activity on the Bullish exchange; and/or receiving benefits for assets of the Bullish Group or others held on the Bullish exchange. The Bullish Group and related parties may also make investments in issuers of digital currencies that trade on the Bullish exchange; companies that develop the protocols or technologies on which digital currencies traded on the Bullish exchange may rely; or companies that are active in ecosystems that may benefit from the trading of particular digital currencies on the Bullish exchange. The Bullish exchange has policies in place to manage conflicts of interest.

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