- Coinbase will begin offering the first U.S. crypto equity index futures on September 22.
- The product gives exposure to both top technology stocks and major cryptocurrencies in one contract.
- The index is designed with ten equally-weighted components, including Apple, Tesla, Bitcoin, and other leading companies and crypto ETFs.
- These contracts will be cash-settled on a monthly basis, with institutional clients prioritized at launch.
- Quarterly rebalancing will maintain equal weighting and diversify risk for investors.
Coinbase will launch a new futures contract in the United States on September 22, combining exposure to leading technology stocks and prominent digital assets. The MAG7 Crypto Equity Index Futures will enable trading of companies like Apple, Tesla, and Bitcoin through a single financial instrument.
According to an official blog post and company statements, the index consists of ten assets, each given an equal 10% weight. This group includes the “Magnificent Seven” US tech stocks—Apple, Microsoft, Alphabet, Amazon, NVIDIA, Meta, and Tesla—alongside Coinbase stock and two exchange-traded funds (ETFs) offering exposure to Bitcoin and Ethereum from BlackRock.
We’re launching the first US futures that give exposure to the top US tech stocks and crypto at the same time. We’ll launch more products like this as part of the everything exchange. Coming on September 22, said Brian Armstrong, CEO of Coinbase.
Each contract will be valued at $1 multiplied by the index value. The contracts will settle monthly in cash, which means investors do not need to exchange actual stocks or cryptocurrencies. The company said this reduces complications for buyers and sellers.
Coinbase stated, Historically, there has been no US-listed derivative that provides access to both equities and cryptocurrencies within a futures product. The index will be rebalanced every quarter by MarketVector, ensuring that no single asset can dominate the product’s performance.
Initially, institutional investors will access the new futures contract. Coinbase plans to open access to individual traders in the future through its partners. The move aims to serve investors looking for diversified, innovation-focused strategies that cross between traditional finance and the world of digital assets.
More detail and official announcements can be found at the Coinbase blog and on related statements made by company leadership online.
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