CoinDesk 80
The CoinDesk 80 Index (“CoinDesk 80,” or “The Index”) measures the performance of 80 top digital assets not included in the CoinDesk 20 Index (“CoinDesk 20”).
Background
CoinDesk 80 helps trading firms, OTC desks, hedge funds, and other market participants focus on “the next 80” digital assets. CoinDesk 80 responds to professional clients’ most frequent request: a broader, deeper crypto index that pairs with CoinDesk 20.
Launch
CD80 became available for trading on Bullish on January 16, 2025.
What's CoinDesk 80's place in the Ecosystem?
CoinDesk Indices’ CoinDesk 80 Index was designed to give market participants access to the next tier of large and liquid assets for trading, risk management and allocation:
- Constructed with liquidity and size in mind
- Exclusions are minimal (stablecoins, wrapped, pegged, staked, and gas tokens)
- Liquidity requirements look at /USD, /USDC, and /USDT pairs on top-tier exchanges, as ranked by CCData
- Constituents are market cap weighted with a 5% cap on all constituents at the rebalance
- Quarterly reconstitutions–in sync with CoinDesk 20–with buffers in place to reduce turnover
CoinDesk 80 is calculated in real time using the applicable Reference Rates for underlying constituents. CoinDesk 80 and CoinDesk 20 have similar but distinct parameters for constitution and calculation, reflecting their respective liquidity requirements and implementation profiles (i.e., target use cases). Nonetheless, their exclusive constituent membership, aligned reconstitution process, and commonly derived reference price methodologies allows them to be integrated in trading, benchmarking, and research applications. This methodology was created by CoinDesk Indices (“CDI”) to achieve the Index Objective.
Sources and resources
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.
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