Coinbase to Launch Mag7 + Crypto Equity Index Futures on September 22
Coinbase Derivatives plans to launch a new equity index futures contract on September 22, known as Mag7 + Crypto Equity Index Futures. This product will provide exposure to both leading U.S. technology stocks and cryptocurrency ETFs.
- This is the first U.S.-listed derivatives contract combining traditional equities with digital assets.
- The index consists of ten components, including the "Magnificent 7" stocks: Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, Tesla, plus Coinbase stock and two crypto ETFs: BlackRock’s iShares Bitcoin Trust and iShares Ethereum Trust.
- Contracts will be monthly and cash-settled, each representing $1 multiplied by the index level.
- The index will be rebalanced quarterly for equal weighting across components.
- The product aims to help investors manage multi-asset risk while gaining exposure to tech leaders and blockchain assets.
- Initial trading will occur on partner platforms, with plans to expand availability to retail users later.
MarketVector will serve as the official index provider.