Coinbase, one of the largest crypto exchanges in the world, is preparing to roll out a new kind of futures product that combines the biggest US tech stocks with leading crypto assets. The exchange announced on Tuesday that it will launch the “Mag7 + Crypto Equity Index Futures” on September 22.
The product will track the “Magnificent 7” tech giants, Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla, along with BlackRock’s Bitcoin and Ether ETFs and Coinbase’s own stock. Each component will carry an equal 10% weight.
Bridging Equities and Crypto
Coinbase said no US-listed futures contract has ever offered exposure to both equities and crypto in one product. The exchange believes the move will give investors easier access to two markets that have traditionally traded separately.
The index will operate as monthly, cash-settled contracts, rebalanced every quarter. MarketVector will serve as the official index provider. Institutional clients will get access first, while retail traders will need to wait a few months. Details on partner platforms will be shared soon.
This move marks Coinbase’s biggest derivatives step since its $2.9 billion acquisition of Deribit in May. Derivatives trading has been on the rise, with crypto volumes jumping 132% year-on-year in 2024 and already topping $20 trillion in the first half of 2025.
Coinbase’s “Everything App” Push
CEO Brian Armstrong linked the launch to Coinbase’s plan to become an “everything exchange.” Earlier this year, the company rebranded its wallet as Base app, aiming to build a platform that mixes trading, payments, and social features.
The launch follows strong growth in Coinbase’s derivatives market, which has seen daily volumes above $5 billion for the past month. Rival Kraken has also entered the race, acquiring NinjaTrader in July to expand into derivatives.
Also Read: The Everything App: Coinbase Rebrands Wallet as Base App
