Coinbase US500 Index Perpetual Surpasses $100M in Trading Volume

Coinbase's US500 index perpetual has made an impressive debut, surpassing $100 million in trading volume just one week after its launch on August 21.

The product features the 500 largest companies in America and is available for trading exclusively in the U.S.

This significant milestone highlights growing interest among traders in index-based products and may prompt Coinbase to consider launching additional perpetual indices.

Coinbase CEO Brian Armstrong noted the index's success, potentially setting a precedent for future index launches.