Coinbase Launching Mag7 + Crypto Equity Index Futures on September 22

Coinbase is set to launch a new futures product that blends top US technology stocks with cryptocurrency ETFs. The “Mag7 + Crypto Equity Index Futures” will debut on September 22, offering investors exposure to both traditional equities and digital assets through a single contract.

The new product will track the performance of the “Magnificent 7” tech stocks – Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla. It will also include BlackRock’s Bitcoin and Ethereum ETFs, along with Coinbase’s own stock.

Each component in the index will be weighted equally at 10%. This balanced approach aims to give investors broad exposure to both tech and crypto sectors without overconcentration in any single asset.

“Historically, there has been no US-listed derivative that provides access to both equities and cryptocurrencies within a futures product,” Coinbase stated in its announcement. The company views this as an opportunity for investors to gain exposure to “asset classes that have traditionally traded separately.”

The futures contracts will be monthly and cash-settled. Each contract will represent $1 multiplied by the index level, making them accessible at various investment sizes.

Market Expansion Strategy

This product launch comes after Coinbase acquired Deribit for $2.9 billion in May. Deribit was previously the largest crypto options and futures exchange. The acquisition appears to be paying off as trading volumes on Coinbase’s derivatives platform have been consistently exceeding $5 billion daily over the past month.

On August 25, the platform recorded $9.9 billion in trading volume, its strongest single day since at least June 5, according to Coinbase data. This growth reflects the broader trend in crypto derivatives, which saw a 132% year-on-year volume increase last year.

Coinbase CEO Brian Armstrong linked the new product to the company’s broader vision, stating, “We’ll launch more products like this as part of the everything exchange.” This aligns with Coinbase’s recently announced plans to become a crypto “everything app.”

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

In mid-July, the company rebranded its Coinbase Wallet as “Base app,” aiming to create a platform that combines a crypto wallet, trading, payments, social media, and messaging functionalities.

Competitive Landscape

Coinbase is not alone in expanding its derivatives offerings. Rival exchange Kraken launched its crypto derivatives platform, NinjaTrader, on July 15. This followed Kraken’s $1.5 billion acquisition of the firm four months earlier.

Kraken’s move aims to give its US customers access to traditional derivatives markets, reflecting a similar strategy of becoming a one-stop platform for various types of trading.

The index will be rebalanced quarterly to reflect market changes, with MarketVector serving as the official index provider. While institutional clients will have first access to the product, Coinbase plans to make it available to retail users in the coming months.

MarketVector, known for its crypto and thematic indexes, will ensure the index maintains its structure and accurately reflects the performance of its components. Details on trading access through partner platforms will be announced soon.

The launch comes at a time when the crypto derivatives market is seeing strong growth. The first two quarters of 2025 have already recorded more than $20 trillion in volume, putting the year on track to surpass last year’s record numbers.