Bullish Exchange Launches CoinDesk 80 Index Perpetual Futures
CoinDesk Indices is proud to announce the launch of the CoinDesk 80 Index, designed to track the performance of the next 80 leading digital assets after the CoinDesk 20 Index. This innovative index provides seamless and diversified exposure to the evolving digital asset landscape, meeting the growing demand from institutional trading firms for liquidity on a larger breadth of digital assets.
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As the digital asset market matures, institutional participation continues to accelerate. Investors are increasingly seeking opportunities beyond bitcoin and ether to diversify their portfolios. Since its debut in January 2024, the CoinDesk 20 Index has become the industry benchmark for larger-cap digital assets, driving over $12 billion in total trading volume and underpinning more than a dozen investment products globally. The CoinDesk 80 Index builds on this success by capturing the next tier of large and liquid digital assets.
To support this launch, Bullish Exchange, one of the fastest-growing regulated digital asset exchanges, has listed a CoinDesk 80 Index Perpetual Futures Contract. Bullish, which has surpassed $1 trillion in cumulative trading volume since its launch in November 2021, continues to expand its offerings to meet institutional and retail demand. In 2H 2024, the platform recorded average daily trading volumes exceeding $2 billion.
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Maxime Seiler, CEO, STS Digital Ltd, Bermuda said, “The CoinDesk 80 Index Perpetual Future will enable us to efficiently manage market exposure arising from our wide-ranging altcoin option offering to our clients. It is another innovative product from Bullish, enhancing their strong product suite and bringing index derivatives forward.”
“CoinDesk Indices is committed to creating tradable and trusted benchmarks,” said Alan Campbell, President of CoinDesk Indices. “With the CoinDesk 80, we’re addressing institutional demand for exposure beyond the top 20 digital assets. This index provides a scalable solution for trading, risk management, and allocation. We’re thrilled to see early adoption and growing liquidity as we expand our suite of regulated indices.”
The next tier is here. Key Features of the CoinDesk 80 Index:
- Liquidity and Scalability: Focused on assets with high liquidity and significant market size.
- Minimal Exclusions: Stablecoins, wrapped, pegged, staked, and gas tokens.
- Comprehensive Liquidity Screening: Evaluates /USD, /USDC, and /USDT pairs on top-tier exchanges ranked by CCData, an affiliate of CoinDesk.
- Market Cap Weighting: Constituents are weighted by market cap, with a 5% cap per asset to ensure diversification.
- Quarterly Reconstitution: Aligns with CoinDesk 20 reconstitutions, using buffers to reduce turnover and adhering to a robust governance framework.
“The demand for index products is growing as digital assets become an established part of global financial markets,” said Tom Farley, CEO of Bullish. “We are excited to launch the CoinDesk 80 Index Perpetual Futures Contract on our platform, leveraging our tight spreads, deep liquidity, and robust regulatory framework to support market participants.”
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Source – PR Newswire
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