CoinDesk Indices Unveils New Products for Memecoins and Top Tokens
HONG KONG – In a significant move to cater to the evolving needs of institutional and professional investors, CoinDesk Indices has launched two innovative index products. These new offerings will track the price movements of popular memecoins and the top one hundred cryptocurrencies by market capitalization. The announcement was made during the Consensus Hong Kong event, highlighting the growing demand for diverse investment opportunities in the cryptocurrency sector.
The CoinDesk Memecoin Index is designed to monitor the performance of the largest fifty memecoins based on their market capitalization. This includes well-known names such as dogecoin (DOGE), shiba inu (SHIB), and floki (FLOKI), among others. In addition, the CoinDesk 100 serves as a comprehensive benchmark for the top hundred cryptocurrencies in the market, providing investors with a streamlined reference point.
Chris Tyrer, Vice President and Head of Institutional at Bullish, remarked, “The CoinDesk Memecoin Index addresses traders’ growing appetite for liquidity and volatility, while the CoinDesk 100 delivers a single reference for accessing the most liquid tokens in the market.” He further expressed enthusiasm, stating, “We are excited to continue empowering our clients with access to a broader digital asset landscape, supported by our robust regulatory framework.”
The memecoin index is structured as an equal-weighted index and will undergo monthly rebalancing to ensure that it accurately reflects the performance of both emerging and established tokens. Conversely, the CoinDesk 100 Index is market cap-weighted, offering a singular reference point for various financial instruments such as structured products, ETFs, and risk management strategies.
To enhance trading opportunities, crypto exchange Bullish has introduced perpetual futures on both indices. This allows traders to engage with these benchmarks, benefiting from deep liquidity and the convenience of round-the-clock trading. This strategic launch builds upon the success of the CoinDesk 20 and CoinDesk 80 perpetuals, which have collectively achieved over $13.5 billion in trading volume. Notably, the CoinDesk 80 index perpetual futures have been trading millions daily since January 2025, showcasing their popularity and market impact.
