CoinDesk Indices launches new index that adds exposure beyond the top 20 digital assets.

CoinDesk Indices, a subsidiary of CoinDesk, has introduced the CoinDesk 80 Index to address the growing institutional demand for liquidity in various digital assets.

The new offering is designed to track the performance of the next 80 digital assets. CoinDesk20 directoryAs a press release. The bullish currency, which has more than $1 trillion in accumulated trading volume since its launch in November 2021, has listed a perpetual futures contract tied to the new index. CD80/USDC-PERP. Bullish is the parent company of CoinDesk.

The index currently counts crypto market makers GSR and STS Digital among its clients. John Loughlin, GSR’s chief investment officer, told CoinDesk, “We are excited about the opportunity this brings to expand liquidity, enhance informed trading strategies, and further grow the crypto ecosystem.”

The new index provides traders with broad market exposure to the altcoin sector as demand from institutional investors for the underlying markets of digital assets continues to grow. “The CoinDesk 80 Index Perpetual Future allows us to effectively manage market exposure arising from the broad altcoin options we offer our clients. It is another innovative product from Bullish, enhancing their strong product portfolio and bringing indices to the fore,” said Maxime Seiler, CEO of STS Digital Ltd.

Key features of the CoinDesk 80 Index include a focus on liquid and large market assets, with a general liquidity filter with minimal exclusions for stablecoins and bundled tokens. The index’s constituents are weighted by market capitalization, with a 5% cap on assets to ensure diversification.

“Demand for the product is growing as digital assets become part of global financial markets,” said Bullish CEO Tom Farley. “We are excited to launch the CoinDesk 80 Index Perpetual Futures contract on our platform, leveraging our tight distribution, deep liquidity and strong regulatory framework to support market participants.”

A year ago, CoinDesk Indices introduced the CoinDesk20 Index, a benchmark for large-cap digital stocks. Since then, it has seen over $12 billion in total transaction volume and is associated with over ten investment products worldwide.