Meet the Coinbase 50 Index (COIN50), a whole new way to track the performance of the cryptoeconomy. coinbase.com/coin50
A benchmark representing the top 50 eligible digital assets, all in one easy-to-follow index.
COIN50’s index methodology builds on a three-year track record of Coinbase Asset Management index experience and has been developed in partnership with @MarketVector.
Every asset in the index is listed and accessible on Coinbase Exchange, which meets a rigorous vetting process that evaluates assets against strict legal, compliance, and security standards.
Eligible institutional and Coinbase Advanced users will be able to trade the Coinbase 50 Index via a COIN50 perpetual future (COIN50-PERP) on @CoinbaseIntExch. COIN50-PERP is available in select jurisdictions outside the US, UK, and Canada.
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So you think you can HODL... here's what it means 🧵
Crypto bull cycles hit different.
The past two bull markets lasted 3.5 years. We’re 1.5 years in.
The past two bull markets saw prices increase 113x and 19x. Prices have increased 4x.
There have been 5 bitcoin bull markets. In an average bull market, you will have to survive the following to ride it to the top:
Six 5-10% drawdowns
Three 10-20% drawdowns
Two 20-30% drawdowns
One 30-40% drawdown
One 40-70% drawdown
The global derivatives market represents ~75% of crypto trading volume worldwide, and our traders tell us they need access to products like perpetual futures on a trusted platform.
That’s why we’re enabling Coinbase Advanced customers in eligible non-US geos to trade perpetual futures contracts from Coinbase International Exchange.
1/ Money is always changing. In 10,000 BC, the goat was traded within the ancient barter system and utilized the consensus mechanism Proof of Goat. Don’t fact check that second bit. twitter.com/i/web/status/1…
2/ 5000 BC: Chickens were traded as well, as were their eggs. Too bad they missed the egg bull run of 2023.
3/ 1300 BC: Cowrie shells were used as payment and seen as a sign of wealth and power. Money doesn’t grow on trees. But it did grow in the ocean.
1/ Mortgage rates in Mozambique have reached as high as 22%. Much of the population along the coastline can’t get a loan to buy a house, and shelters built by hand get destroyed by cyclones.
A quick look at how crypto can update the system to help get people in safer homes.🧵
2/ Mozambicans are being excluded from home ownership even though they have enough income to afford a house. Because that income is informal rather than salaried, they’re being shut out of the traditional mortgage process.
3/ Enter: @empowa_io, a company making homes more accessible to Mozambicans by tapping into NFTs and blockchain technology to update an antiquated loan system. They work in partnership with @CasaReal13 to construct cyclone-resistant homes in central locations.