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24m ago

Coinbase Sets Sept. 22 Launch for Mag7 + Crypto Equity Index Futures

The monthly, cash-settled contracts mark the exchange's first move into equity-linked derivatives.

Photo: Michael Nagle
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Overview

  • The ten-component index splits weights evenly across Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, Tesla, Coinbase (COIN), BlackRock’s IBIT and ETHA.
  • MarketVector is the official provider responsible for index calculation and maintenance.
  • Each futures contract is monthly and cash-settled with notional value equal to $1 times the index level, with quarterly rebalancing to restore equal weights.
  • Trading will begin for institutional clients on partner platforms, with access for retail investors planned in the months ahead.
  • Coinbase positions the product as a way to manage multi-asset risk as investor interest grows in crossover instruments blending tech equities with crypto exposure.