Overview
- Coinbase’s Mag7 + Crypto Equity Index Futures combines Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, Tesla, Coinbase stock, and BlackRock’s IBIT and ETHA, each weighted at 10%.
- Contracts are monthly and cash-settled, sized at $1 times the index level, with the index rebalanced quarterly to maintain equal weights.
- MarketVector will serve as the official index provider responsible for calculation and maintenance of the benchmark.
- Trading will open to institutions on partner platforms first, with Coinbase saying retail availability will follow after the initial rollout.
- Coinbase describes the product as the first U.S.-listed futures to blend equities and crypto in one contract, aligning with its broader push toward a multi-asset ‘everything exchange’ after expanding U.S. derivatives this year.