CoinDesk 20
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.
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