Coinbase will launch futures of the MAG7 + cryptographic equity index to create the first futures product that lies in the United States that combines traditional actions and cryptographic exposure, according to an announcement of September 2.
The product will debut on September 22, arriving less than two months after Coinbase began offering perpetuals regulated by CFTC to US customers in July.
The hybrid index traces 10 equally weighted components: the seven largest American technology companies, known as “Magnificent Seven”, Coinbase’s own actions and the Bitcoin and Ethereum ETFs of Blackrock.
Each component represents 10% of the index, with quarterly rebalancing to maintain equal weights.
The magnificent seven actions include Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta and Tesla. Exposure to cryptocurrencies is provided through the ETF ishares Bitcoin Trust (Ibit) and the ETF Ethereum Trust Ishares Ethereum, which offers indirect access to the two largest digital assets for market capitalization.
Product structure
Coinbase positions the product as the demand for dual exposure investors to traditional and digital assets.
The company declared that no derivative that quotes in the United States previously offered access to actions and cryptocurrencies within a future of futures.
Monthly contracts with cash colonca represent $ 1 multiplied for the index value. At a $ 3,000 example index price, each contract would entail a notional value of $ 3,000. Marketvector serves as an official index supplier for calculation and maintenance.
The launch is based on the expansion of Coinbase derivatives after its introduction in July of perpetual contracts regulated by CFTC for US clients.
These products offer a leverage of up to 10x with 0.02% rates in the main cryptocurrencies, including Bitcoin, Ethereum and Solana.
Coinbase frames the futures of the Capital Index as marks “the next evolution of our products set” and racing the path for multiple assets derivatives that expand access and efficiency for investors.
The company promises to expand availability to retail users in the coming months after the initial launch through partner platforms.
