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.
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.