TLDR
- Coinbase debuts Mag7 + Crypto Equity Index Futures on September 22, combining Magnificent 7 tech stocks with crypto ETFs
- Index includes Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, Tesla, plus Bitcoin and Ethereum ETFs and Coinbase stock
- First US derivatives product to blend traditional equities with cryptocurrency assets in single futures contract
- Each component weighted equally at 10%, with quarterly rebalancing and monthly cash-settled contracts
- Institutional access launches first, retail traders gain access through partner platforms in coming months
Coinbase Derivatives will launch the Mag7 + Crypto Equity Index Futures on September 22, creating the first US-listed derivative to combine traditional technology stocks with cryptocurrency exchange-traded funds. The groundbreaking product offers investors exposure to both asset classes through a single futures contract.
The index tracks ten components with equal 10% weighting. It includes the Magnificent 7 technology stocks: Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla. The crypto portion features BlackRock’s iShares Bitcoin Trust and iShares Ethereum Trust ETFs, while Coinbase’s own stock completes the lineup.
This marks Coinbase’s first major derivatives launch since acquiring Deribit for $2.9 billion in May. Crypto derivatives volume surged 132% year-over-year in 2024, with 2025 trading volumes exceeding $20 trillion in the first two quarters alone.
Institutional Launch Strategy
Coinbase’s institutional clients will receive first access to the new futures product. The exchange plans to announce partner platform details soon, with retail trader access expected within months of the initial launch.
Each contract operates as a monthly, cash-settled agreement representing $1 multiplied by the index value. At an index level of $3,000, one contract would carry a $3,000 notional value.
MarketVector serves as the official index provider. The index undergoes quarterly rebalancing to maintain equal component weighting as market conditions shift.
Coinbase’s derivatives platform has seen strong growth recently, with daily volumes consistently topping $5 billion over the past month. The platform recorded $9.9 billion in trading on August 25, its strongest single day since June 5.
Everything Exchange Vision
CEO Brian Armstrong described the launch as part of Coinbase’s “everything exchange” strategy. The company unveiled plans in July to become a comprehensive crypto platform, rebranding its wallet as “Base app” to integrate trading, payments, social features, and messaging.
The futures launch represents Coinbase’s expansion beyond single-asset derivatives into multi-asset offerings. The exchange aims to give investors streamlined access to both traditional technology leaders and emerging digital assets.
Competitor Kraken launched its NinjaTrader derivatives platform on July 15 after a $1.5 billion acquisition. The platform gives US customers access to traditional derivatives markets as part of Kraken’s own comprehensive trading strategy.
Coinbase positioned the new index as an efficient way for investors to manage multi-asset risk while gaining exposure to innovation sectors. The company plans additional similar products as it builds out its multi-asset derivatives suite.
