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3h ago

Coinbase Sets Sept. 22 Launch for Futures That Combine Mag 7 Stocks With Crypto ETFs

The move advances Coinbase's multi-asset derivatives push under its 'everything exchange' strategy.

Photo: Michael Nagle
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Overview

  • The equally weighted index holds 10 components: Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, Tesla, Coinbase stock, and BlackRock’s iShares Bitcoin (IBIT) and Ethereum (ETHA) trusts, with quarterly rebalancing.
  • Contracts are monthly and cash-settled, with each future sized at $1 times the index level, so an index value of $3,000 implies a $3,000 notional contract.
  • MarketVector is the official index provider responsible for calculation and maintenance of the benchmark.
  • Trading will start on partner platforms targeting institutional users, with broader retail access planned in the following months.
  • Coinbase characterizes the product as the first U.S.-listed futures to combine equities and crypto exposure, building on its recent U.S. perpetuals rollout and its Deribit acquisition.