Coinbase to Launch Traditional Equities Futures with MAG7 and Crypto Equities Index
Coinbase will introduce the first US-listed futures product combining leading tech stocks, its own shares, and BlackRock’s Bitcoin and Ethereum ETFs, offering investors balanced equity and crypto exposure.
Coinbase announced the September 22 launch of its Mag7 + Crypto Equity Index Futures, the first US-listed futures product combining equities and cryptocurrencies. The index equally weights ten components: the “Magnificent Seven” tech companies (Apple, Microsoft, Alphabet, Amazon, NVIDIA, Meta, Tesla), Coinbase stock, and BlackRock’s iShares Bitcoin Trust (IBIT) and Ethereum Trust (ETHA). Each carries 10% of the index, rebalanced quarterly. Contracts are cash-settled with notional value based on index price (e.g., $3,000 index = $3,000 per contract). MarketVector provides index calculations. Coinbase positions the product as an expansion of its derivatives suite, following its July introduction of CFTC-regulated perpetuals. The company plans to extend access to retail investors after launch through partner platforms.
- Equities Futures: A financial contract obligating the buyer to purchase, or the seller to sell, a stock or equity index at a set price on a future date.
- MAG7: A group of seven dominant US technology companies: Apple, Microsoft, Alphabet, Amazon, NVIDIA, Meta, and Tesla.
- iShares Bitcoin Trust (IBIT): A BlackRock exchange-traded fund providing indirect exposure to Bitcoin through a regulated investment vehicle.