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 Announcements
CMBI 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.

Latest Insights & Research

September 3, 2026
Research
State of the Market
State of the Market

August 27 - September 2, 2026

4 minute read
September 3, 2026
NEWS
Talos Adds Perpetuals Trading Infrastructure for Brokerages
Talos Adds Perpetuals Trading Infrastructure for Brokerages

Product Update: The Talos White Label platform now supports linear derivatives trading end to end, giving brokerages a way to offer leveraged products without building the margin, funding or risk stack themselves.

3 minute read
September 2, 2026
CMBI UPDATES
CMBI Single Asset Series Methodology
CMBI Single Asset Series Methodology

The CMBI Single Asset Series is designed to represent the performance of individual cryptoassets through a range of daily, hourly, and real-time reference rates. Talos has updated the real-time calculation approach used across the CMBI Single Asset Benchmarks to improve the robustness of the index against illiquid or inactive constituent markets. In accordance with our CMBI Index Policies, Talos is consulting the market regarding this update to the calculation methodolog

2 minute read
September 2, 2026
CMBI UPDATES
CMBI Candidate Market Guidelines
CMBI Candidate Market Guidelines

The CMBI Candidate Market Guidelines define how Talos evaluates and selects the constituent markets used as data inputs for the CMBI Benchmarks. Talos is proposing an update to the exchange eligibility criteria used in the CMBI Candidate Market Guidelines. In accordance with our CMBI Index Policies, Talos is consulting the market regarding this proposed update

2 minute read
September 2, 2026
Commentary
Bitcoin is not the Digital Asset Industry
Bitcoin is not the Digital Asset Industry

In August, bitcoin had its best week of the year, and it still told you almost nothing about the industry compounding underneath it

8 minute read
September 1, 2026
Research
Stablecoins Capturing On-Chain Yield
Stablecoins Capturing On-Chain Yield

State of the Network #379

5 minute read
August 28, 2026
MEDIA
Ethan Feldman in TabbFORUM: Identity, Automation & Trust in the Next Generation of Trading Infrastructure
Ethan Feldman in TabbFORUM: Identity, Automation & Trust in the Next Generation of Trading Infrastructure

Talos CTO and Co-Founder Ethan Feldman contributed to a new TabbFORUM article on how capital markets firms are securing trading infrastructure as markets move to continuous operation and automated systems come to outnumber human operators.

4 minute read
August 28, 2026
Commentary
Talos Brings an Institutional Perspective to CFTC Prediction Market Rulemaking
Talos Brings an Institutional Perspective to CFTC Prediction Market Rulemaking

Prediction markets are becoming a larger part of the institutional market conversation. As interest grows, the regulatory choices being made today will influence how institutions access these markets and how activity develops in the United States.

5 minute read
August 27, 2026
COMMENTARY
Regulatory Roundup #22
Regulatory Roundup #22

Your dose of regulatory moves, missteps and melodrama, ensuring you’re always informed (and occasionally amused) by what global watchdogs are up to.

6 minute read
August 27, 2026
CLIENT PROFILE
FalconX on Working with Talos: Hedging Risk Across Multiple Venues
FalconX on Working with Talos: Hedging Risk Across Multiple Venues

Market making across dozens of exchanges leaves risk scattered in dozens of places. FalconX's APAC Derivatives Trading Lead, Sean McNulty, explains how Talos became the desk's single gateway to all of them.

1 minute read
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