Indexes

CM Indexes

Unlock the power of independent, trusted index solutions for crypto markets.

Product Overview

Coin Metrics Indexes includes our CMBI suite of crypto asset benchmarks, as well as our custom index and calculation services used by leading crypto and traditional financial institutions.

Our CMBI Benchmarks adhere to the International Organization of Securities (“IOSCO”) Principles and the UK Benchmarks Regulation (“BMR”).

Solutions
CMBI

Comprehensive suite of single-asset, multi-asset and unique crypto asset benchmarks.

Custom Indexes

Custom indexes built for your specific needs.

Calculation Services

Calculation agent services for institutions seeking to administer their own custom indexes.

Data for Indexes

Cryptoasset market and on-chain data for third-party index creation.

Differentiators
Innovative methodologies

Proven innovation in crypto asset index methodologies.

On-chain expertise

Unmatched expertise in on-chain crypto asset markets.

Third-party audit opinion

Trusted and adherent benchmarks through independent audits.

Independent governance

Independent benchmarks without conflicts of interest.

Self-sourced data

Data sourced directly from blockchain nodes and cryptoasset exchanges.

Broad distribution

Widespread distribution through leading financial platforms.

Use Cases
Backtesting

Determine how an investment strategy would have performed versus an index.

Benchmarking

Benchmark your fund performance against an objective third-party index.

Investment product creation

Use best-in-class data to design your own investment products.

Derivatives settlement

Leverage our index products for reliable settlement.

What's inside

Data designed for institutional intelligence

CMBI Bitcoin
CMBI Ethereum
CMBI Solana
CMBI Total Market
CMBI Bitcoin and Ethereum
CMBI Ethereum Staking Index
Resources
CMBI Benchmarks

Browse a comprehensive suite of CMBI benchmarks.

CMBI Data

Query index level timeseries via API.

CMBI Documentation

Explore an overview of crypto benchmarks and index types.

Market Data Documentation

Discover available market data types and structures.

Reference Rate Methodology

See how reference prices are computed across frequencies.

CMBI Updates | Announcements | Consultations
CMBI Whistleblowing
CMBI Complaints & Challenges
CMBI Index Policies
CMBI Governance Committees
CMBI Fork Legitimacy Framework
Adjusted Free Float Supply Methodology
CMBI Holiday Calendar
CMBI Rebalance Calendar
Coin Metrics Products
Market Data

Simplify petabytes of data into performant and streamlined metrics.

On-Chain Data

Unlock superior search capabilities with the most reliable blockchain search engine.

Prices

Harness transparent pricing for clear decision-making.

Indexes

Unlock the power of independent, trusted index solutions for crypto markets.

datonomyTM

Classification system for Digital Assets.

Security Master

Enhance decision-making and operational efficiency with consistent, harmonized crypto asset data.

Latest Insights & Research

August 19, 2026
MEDIA
Inside the Infrastructure Powering Institutional Crypto
Inside the Infrastructure Powering Institutional Crypto

For years, the prospect of banks and other institutions moving into the digital assets space has been one of the industry's most talked about and closely watched developments. That shift is now becoming increasingly visible as banks, asset managers, ETF issuers, and brokerages move from exploring digital assets to building long-term businesses around them.

5 minute read
August 18, 2026
Research
Trade.xyz’s Role in Hyperliquid
Trade.xyz’s Role in Hyperliquid

State of the Network #377

5 minute read
August 18, 2026
NEWS
The Journey to $1 Trillion
The Journey to $1 Trillion

Talos crosses $1 trillion in notional trading volume through the platform

6 min read.
August 17, 2026
COMMENTARY
The Tide Has Turned: How Institutions Are Reshaping Digital Asset Markets
The Tide Has Turned: How Institutions Are Reshaping Digital Asset Markets

Two years ago, conversations with institutional prospects about digital assets were largely exploratory. Firms were curious, occasionally cautious, sometimes skeptical. The question was usually some version of: is this real, and should we care?

4 minute read
August 13, 2026
RESEARCH
Movers and Shakers August 2026
Movers and Shakers August 2026

Digital assets approaching broader market accessibility

3 minute read
August 7, 2026
CASE STUDY
QCP Strengthens its Institutional Trading Infrastructure with Talos
QCP Strengthens its Institutional Trading Infrastructure with Talos

QCP Group needed trading infrastructure that could match the institutional standard it holds itself to — supporting client execution quality, liquidity access, risk controls, pricing and market data. QCP partnered with Talos to consolidate key components of its trading architecture onto a single institutional-grade platform, extending QCP’s capabilities in a way that complements its proprietary expertise and client-first approach. The result is a more tightly integrated trading environment that has enhanced the scalability and resilience of QCP's execution and risk workflows.

4 minute read
August 5, 2026
NEWS
Talos Integrates with STS Digital to Bring Institutional Crypto Options and Spot Liquidity to its Provider Network
Talos Integrates with STS Digital to Bring Institutional Crypto Options and Spot Liquidity to its Provider Network

Talos clients will gain direct access to STS Digital’s prices in options and spot — delivered through the Bermuda-regulated principal trading platform of one of the leading institutional crypto derivatives dealers.

3 minute read
July 31, 2026
ANALYSIS
Prediction Markets Are Going Institutional – Execution Should Too
Prediction Markets Are Going Institutional – Execution Should Too

The Talos Quantitative Execution Services team ran a simulation across three Kalshi markets to quantify the transaction cost of institutional-scale trading. In addition, they investigate a potential settlement-related manipulation pattern tied to Polymarket's 5-minute BTC event contracts.

3 minute read
July 30, 2026
Analysis
Introducing the Talos Exchange Scorecard
Introducing the Talos Exchange Scorecard

The Talos Exchange Scorecard is a systematic framework for assessing digital asset exchanges across their core qualities.

2 minute read
July 29, 2026
NEWS
Gravity Team integrates with Talos to deliver institutional spot crypto liquidity across emerging markets
Gravity Team integrates with Talos to deliver institutional spot crypto liquidity across emerging markets

The integration allows institutional clients to access Gravity Team's liquidity directly within their existing Talos workflows, enabling spot execution across Gravity Team's broad asset coverage without additional infrastructure requirements.

2 minute read
July 28, 2026
Research
Why is Aave’s USDC Utilization Rate Spiking?
5 minute read
July 27, 2026
COMMENTARY
What the CLARITY Act could mean for digital asset market participants
What the CLARITY Act could mean for digital asset market participants

How Talos infrastructure can support operational readiness

4 minute read