What is Coinbase50? Why is Mina a member of Coinbase50? Coinbase50 refers to the Coinbase 50 Index, a market capitalization-weighted benchmark index launched by Coinbase in partnership with Market Vector Indexes. MINA became a member of Coinbase50 primarily because it meets the stringent selection criteria of the Coinbase50 Index. **Non-Stablecoin:** MINA is a non-stablecoin and does not fall under the category of privacy coins, but it features a privacy-preserving blockchain, thus meeting the basic asset type requirements of the Coinbase50 Index. **Liquidity Requirements:** MINA has a certain degree of liquidity, with most of its supply circulating in the open market, meeting the index's requirement for the proportion of freely circulated market capitalization and avoiding the risk of market manipulation. **Compliant Custody:** MINA may be custodied by a Coinbase-certified third-party institution, ensuring asset security and transparency, meeting the Coinbase50 Index's standards for compliant custody. Technical and Security Standards: MINA's blockchain architecture has a certain degree of decentralization, its consensus mechanism is relatively secure, and it has passed relevant code audits. There are no known smart contract vulnerabilities, which meets the technical and security requirements of the COINBASE50 index.