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Indices > CD20

CoinDesk 20

Last Updated: February 16, 2024

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


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.


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 ® and the CoinDesk 20 Index (a “CDI Index”) are trade or service marks of CoinDesk Indices, Inc. (“CDI”), the administrator of CDI Indices, and/or its licensors. CDI or CDI’s licensors own all proprietary rights in CDI Indices. CDI is not the issuer, sponsor or producer of any financial product, derivative, portfolio, separately managed account, or any other investment exposure that tracks, seeks to track, references, or settles against CDI Indices (collectively, “Products”) and CDI has no responsibilities, obligations, or duties to investors in or holders of Products. CDI Indices are licensed for use by Bullish. CDI does not approve, endorse, review, or recommend any Product. CDI does not guarantee the timeliness, accurateness, or completeness of any data or information relating to CDI Indices and shall not be liable in any way to investors in or holders of any Product or other third parties in respect of the use or accuracy, completeness, or timeliness of any CDI Indices or any data included therein. CDI is a member of the Bullish Group.

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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