Coinbase 50 Index Adds 5 New Cryptocurrencies Including Axie Infinity (AXS)

YM Lee

Summary

Coinbase announced that it will add 5 new cryptocurrencies to its flagship index, the Coinbase 50.
The added assets are Axie Infinity (AXS), Blur (BLUR), JasmyCoin (JASMY), Kusama (KSM), and MultiversX (EGLD).
This index is calculated based on market capitalization weighting, including Bitcoin (BTC) and Ethereum (ETH).

The global cryptocurrency exchange Coinbase has added 5 new cryptocurrencies to its flagship index, the Coinbase 50 Index.

On the 5th (local time), Coinbase announced through its official channel that "five cryptocurrencies, including Axie Infinity (AXS), Blur (BLUR), JasmyCoin (JASMY), Kusama (KSM), and MultiversX (EGLD), will be included in the Coinbase 50 Index."

The Coinbase 50 Index is calculated by weighting cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) according to their market capitalization.