HONG KONG – CoinDesk Indices launched two index products tracking the price gyrations of memecoins and the top hundred tokens by market capitalization, meeting demand from institutional and professional investors who seek upside in different crypto sectors, the firm announced at Consensus Hong Kong.
The CoinDesk Memecoin Index will track the largest fifty memecoins by market capitalization — a list that includes dogecoin (DOGE), shiba inu (SHIB), floki (FLOKI), among others — while the CoinDesk 100 serves as a single benchmark for the top hundred tokens by market cap.
“CoinDesk Memecoin Index responds to traders’ need for liquidity and volatility while the CoinDesk 100 provides one-stop access to the most liquid tokens,” said Chris Tyrer, VP, head of institutional at Bullish.
“We are thrilled to continue providing our clients access to the broader digital asset landscape, complementing these indices with our robust regulatory framework,” he added.
The memecoin index is equal-weighted and will be rebalanced monthly, ensuring the representation of emerging and established tokens. Similarly, the CoinDesk 100 Index is market cap-weighted and provides a single reference point for structured products, ETFs, and risk management strategies.
Crypto exchange Bullish has listed perpetual futures on both indices, allowing traders to gain exposure to these benchmarks with deep liquidity and around-the-clock trading.
This launch builds on the success of the CoinDesk 20 and CoinDesk 80 perpetuals, which have collectively driven over $13.5 billion in volume, with the CoinDesk 80 index perpetual future trading millions daily since January 2025.
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Shaurya Malwa
https://www.coindesk.com/markets/2025/02/20/coindesk-indices-launches-coindesk-100-memecoin-index-in-industry-boost
2025-02-20 01:00:00
