TLDR
- Coinbase is launching the futures of the capital index of the capital MAG7 on September 22.
- The new product will combine exposure to traditional actions and cryptographic ETFs.
- The MAG7 index includes main actions such as Apple, Microsoft, Amazon and Tesla.
- Coinbase will include its own stock and Bitcoin ETF and Blackrock Ethereum.
- The product will follow a torque weighting methodology, with each asset that represents 10%.
Coinbase has announced plans to launch a new product in its growing set of offers. The exchange of encryption aims to expand to traditional actions by launching futures of the variable income index. This new product, the Mag7 Crypto Equity Index Futures, will debut on September 22. Coinbase is intended for this product to combine exposure to traditional and cryptographic ETFs.
Coinbase expands its product suite with multiple asset derivatives
Coinbase is expanding beyond the offers of unique assets to introduce their capital index futures. The launch of the futures of the Equity Index MAG7 and Crypto marks a significant step. This will be the first coinbase product to offer exposure to both traditional actions and cryptographic assets. The new Coinbase offer will have a uniform weighted index, with each asset that represents 10%.
The MAG7 crypto equity index will include seven main actions, known as the “Magnificent 7”. These actions include Apple, Microsoft, Google, Amazon, Nvidia, Meta and Tesla. Together with these, Coinbase will include its own stock (coins) and Ishares Bitcoin ETF of Blackrock and ETF Etherum. Coinbase aims to provide exposure to the two largest cryptocurrencies, Bitcoin and Ethereum, for market capitalization.
“With this launch, we are building the next evolution of our product suite,” Coinbase said in a blog post. The exchange sees this as an essential part of its broader strategy to become the “exchange of everything.” The new product will be rebuilt quarterly to adjust to any market change. However, as the prices of assets fluctuate, their weights can temporarily change before the restart.
Mag7 Futures Mark Major Milestone
The new Coinbase futures product reflects its continuous efforts to diversify its derivative platform. By offering combined exposure to both actions and cryptography, Coinbase is looking to attract a broader range of investors. The exchange aims to meet the growing demand for multiple asset derivatives. This movement is also aligned with the acquisition of coinbase of the Crypto options platform, after libit, which cost $ 2.9 billion.
Through these efforts, Coinbase continues to solidify its position as leader in cryptographic space. The new Mag7 Futures product is an important milestone in expanding the exchange in traditional markets. The last coinbase movement further reflects its objective of building an integrated financial platform that covers traditional and digital assets.
