Coinbase Derivatives announced it will launch a new type of equity index futures contract later this month, allowing investors to engage with both leading U.S. technology stocks and cryptocurrency exchange-traded funds (ETFs) in a single product.
Starting September 22, the Mag7 + Crypto Equity Index Futures will be the first U.S.-listed derivatives contracts that merge traditional equities with digital assets, according to a recent update.
This initiative represents a shift beyond single-asset derivatives into multi-asset offerings aimed at providing investors with thematic exposure to innovative and growth-focused sectors.
The new index will feature ten components, each weighted equally at 10%. It includes the so-called “Magnificent 7” stocks — Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla — alongside Coinbase’s own stock and two crypto ETFs: BlackRock’s iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA). MarketVector, known for its expertise in crypto and thematic indexes, will act as the official index provider.
Contracts will be monthly and cash-settled, with each representing $1 multiplied by the index level. For instance, at an index value of $3,000, the notional value of one contract would be $3,000. The index will be rebalanced quarterly to maintain equal weighting among all components.
Coinbase described the product as a means for investors to better manage multi-asset risk while gaining exposure to both sides of the innovation economy — leaders in Silicon Valley tech and blockchain-native assets.
“Equity index futures represent the next evolution of our product offerings and set the stage for a new era of multi-asset derivatives,” the company highlighted in its announcement.
This launch occurs amid increasing interest from investors for crossover products that connect traditional finance and crypto markets. Coinbase plans to broaden the availability of the contracts to retail users in the upcoming months, although they will initially be traded on partner platforms.
Leave a Reply