New Product Blends Big Tech, Bitcoin, and Ether in One Futures Contract
Coinbase is preparing to launch a groundbreaking futures product that combines exposure to top U.S. tech stocks and crypto exchange-traded funds (ETFs), marking a first in the derivatives market.
The new “Mag7 + Crypto Equity Index Futures” will debut on September 22, tracking the so-called “Magnificent 7” tech giants — Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla — alongside BlackRock’s Bitcoin ETF, BlackRock’s Ether ETF, and Coinbase stock.
“Historically, no U.S.-listed derivative has provided simultaneous access to both equities and cryptocurrencies,” Coinbase said, adding that the index bridges asset classes that typically trade separately.
Equal Weighting and Institutional Access First
Each of the 10 components in the index will carry an equal 10% weighting, and contracts will be cash-settled monthly. Initially, the product will be available only to institutional clients, with retail access planned in the coming months through Coinbase’s partner platforms.
The contracts will be sized at $1 multiplied by the index value, and the index will be rebalanced quarterly. MarketVector will serve as the official index provider.
Strategic Expansion of Coinbase Derivatives
The futures launch follows Coinbase’s $2.9 billion acquisition of Deribit in May, strengthening its position in the global derivatives market.
Crypto derivatives trading volumes have surged 132% year-on-year, with 2025 already surpassing $20 trillion in volume in the first two quarters. Coinbase’s own derivatives platform has seen daily trading volumes consistently above $5 billion, with a recent peak of $9.9 billion on August 25.
Coinbase CEO Brian Armstrong said the new index is part of the company’s “everything exchange” strategy, unveiled in July, which aims to merge crypto trading, payments, messaging, and social features into a single platform.
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. pic.twitter.com/iTLSt7a8kx
— Brian Armstrong (@brian_armstrong) September 2, 2025
Competition from Kraken and Other Exchanges
Coinbase’s move comes just weeks after rival exchange Kraken launched its derivatives platform NinjaTrader, following a $1.5 billion acquisition. Kraken’s strategy also aims to blend traditional and digital markets, signaling intensifying competition among top exchanges.
