Coinbase has launched its Mag7 + Crypto Equity Index Futures, the first US-listed product blending top tech stocks with Bitcoin and Ethereum ETFs. The move marks a major step in uniting traditional finance with digital assets under a single futures contract.

Coinbase Launches Crypto and Equity Derivatives Index

Coinbase Derivatives officially launched its Mag7 + Crypto Equity Index Futures on Monday, creating the first US-listed product that brings together top tech stocks and major cryptocurrencies in a single futures contract. The move is seen as a major step in connecting two markets that have traditionally remained separate.

The index tracks 10 components, which include the “Magnificent 7” tech stock, Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla, alongside BlackRock’s Bitcoin and Ethereum exchange-traded funds (ETF) and Coinbase’s COIN stock. The components are split evenly with a 10% weight each, and quarterly rebalancing keeping allocations steady as market conditions shift.

Access and Availability

The futures index was first announced on September 2, setting the stage for today’s launch. The rollout also follows Coinbase’s $2.9 billion acquisition of Deribit in May, a deal that signaled the its push into global futures trading.

The contracts will be available to institutional clients through monthly cash-settled agreements while retail traders are expected to gain access in the coming months as Coinbase integrates the product across partner platforms.

Market Growth and Strategy

The expansion comes amid rising interest in derivatives as crypto derivatives volumes grew 132% year-over-year in 2024, with 2025 on track to break records. Coinbase itself has seen daily derivatives trading exceed $5 billion in previous weeks, with August 25 hitting a peak of $9.9 billion, the highest since June.

Coinbase noted, “Historically, there has been no US-listed derivative that provides access to both equities and cryptocurrencies within a futures product”. The company describes the new contracts as a bridge between two of the most traded asset classes.

CEO Brian Armstrong previously tied the launch to Coinbase’s broader “everything exchange” strategy, which also included the July rebrand of its wallet into the Base app, designed to expand the company into a one-stop crypto platform. The contracts are built with $1 multipliers on fund value, with MarketVector serving as the official index provider. Coinbase believes the launch reflects growing institutional demand for products that combine traditional equity exposure with digital assets.