Exchange to launch “Mag7 + Crypto Equity Index Futures” on Sept. 22

Coinbase is set to debut a new derivatives product that combines top US tech stocks with Bitcoin and Ether ETFs, giving institutional investors exposure to both equities and crypto in a single contract.

On Tuesday, Coinbase Derivatives announced the upcoming launch of the “Mag7 + Crypto Equity Index Futures”, scheduled for Sept. 22. The index will track the “Magnificent 7” stocks—Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla—alongside BlackRock’s Bitcoin and Ether ETFs and Coinbase’s own stock.

 Coinbase

“Historically, there has been no US-listed derivative that provides access to both equities and cryptocurrencies within a futures product,” Coinbase said, adding that the index bridges “asset classes that have traditionally traded separately.”


How the index works

  • Each of the nine components will carry an equal 10% weighting.
  • Contracts will be monthly and cash-settled, with each valued at $1 x the fund.
  • The index will be rebalanced quarterly, with MarketVector as the official provider.

Initially, institutional clients will be the first to trade the product, with retail access expected later through Coinbase’s partner platforms.

The move comes just months after Coinbase’s $2.9 billion acquisition of Deribit, formerly the world’s largest crypto derivatives exchange. With crypto derivatives volumes already topping $20 trillion in the first half of 2025, the firm is positioning itself for expansion in hybrid markets.


Part of the “everything exchange” vision

Coinbase CEO Brian Armstrong said the new index reflects the company’s long-term ambition:

“We’ll launch more products like this as part of the everything exchange,” Armstrong wrote on X.

In July, Coinbase rebranded its wallet as the “Base app”, laying the groundwork for an all-in-one platform that merges trading, payments, messaging, and social tools.


Competition in the derivatives race

Coinbase’s move mirrors broader competition in crypto-finance integration. Rival Kraken launched its NinjaTrader derivatives platform in July after a $1.5 billion acquisition, opening the door for US clients to access both crypto and traditional derivatives markets.

With Coinbase’s daily derivatives trading volumes exceeding $5 billion and peaking at $9.9 billion on Aug. 25, the exchange is betting that blended equity-crypto products could draw a new wave of institutional and retail investors.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.

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