Coinbase is set to shake up the U.S. derivatives market with the launch of an innovative futures product this month, blending major tech stocks with cryptocurrency exposure in a single contract.
On September 22, Coinbase Derivatives will debut the Mag7 + Crypto Equity Index Futures, a first-of-its-kind product that tracks the so-called Magnificent 7 tech giants Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla. But Coinbase isn’t stopping there. The index will also include Coinbase’s own shares along with two leading crypto exchange-traded funds: BlackRock’s iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA).
Coinbase noted.
“Historically, there has been no US-listed derivative that provides access to both equities and cryptocurrencies within a futures product,”
Each component of the index will carry an equal 10% weight, preventing any single asset from dominating. The company plans to rebalance the index quarterly, ensuring market fluctuations don’t distort its intended structure. Coinbase selected MarketBector as the official index provider.
The goal is simple yet ambitious: to offer investors a single, capital-efficient gateway to access both established tech companies and blockchain-native assets, two markets that have traditionally traded separately.
Equity index futures mark the next evolution of our product suite and pave the way for a new era of multi-asset derivatives that broaden access, efficiency, and opportunity for investors, the company added.
How It Works and Who Can Trade
The futures contracts will be cash-settled on a monthly basis, with each contract representing $1 multiplied by the index value. For example, if the index sits at 3,000 points, a single contract would have a notional value of $3,000. Initially, access will be limited to institutional clients, with broader retail availability expected in the coming months through partner platforms.
Part of the Everything App Vision
CEO Brian Armstrong sees the new product as part of Coinbase’s long-term vision to become the crypto-everything app. In a recent X post, Armstrong stated the company plans to “launch more products like this as part of the everything exchange. The initiative was first revealed during Coinbase’s July livestream, A New Day One, which introduced the rebranded Base App, a unified platform merging trading, payments, social media, and app discovery into a single on-chain experience.
Looking Beyond the U.S
Coinbase is also eyeing the Australian retirement market. As Bloomberg reported on September 1, the company plans to roll out self-managed superannuation funds, allowing individuals to take direct control of their retirement investments. Over 500 investors have already joined the waitlist.
This move positions Coinbase not just as a crypto exchange but as a multi-asset platform aiming to redefine how investors interact with traditional and digital assets alike.
