TechFlow news, CoinDesk Indices launched a benchmark called the CoinDesk 20 Index on Wednesday, tracking the world's largest and most liquid cryptocurrencies. Mainstream cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) are among its 20 constituents. Designed to serve as a broad benchmark for the cryptocurrency market, it can underlie tradable products, similar to how the S&P 500 or the Dow Jones Industrial Average function in the stock market.
Cryptocurrency exchange Bullish is offering perpetual futures contracts linked to the CoinDesk 20. These products can be used to hedge cryptocurrency portfolios or speculate on broader market movements, and saw over $1 million in trading volume within hours of launching on Tuesday.
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