Coinbase to Launch Mag7 + Crypto Equity Index Futures on September 22

1 min

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.

Original publication

Authors credited by the source: Helene Braun; AI Boost

Published by Holder based on an external source.