Coinbase is taking a bold step in a new territory with the announcement of its Crypto Capital Capital Index Futures Mag7 +, which will be launched on September 22. The new product marks a first historic in the US derivative market. UU. By offering investors simultaneous exposure to both magnificent “7” technological actions and the main ETF of cryptocurrences.
“We are launching the first future in the US. UU. That give exposure to the best technological actions in the US and cryptography at the same time,” said Brian Armstrong, CEO of Coinbase. “We will launch more products like this as part of the Everything Exchange. On September 22”.
A first type of futures of its type
Until now, no derivative that quotes in the United States provided exposure to actions and cryptocurrencies in a single contract. Coinbase derivatives describe new futures as a “Diversified and efficient tool“ Designed to serve investors looking for products focused on innovation and multiple assets.
Contracts are positioned to address three main needs:
- Thematic exhibition to innovation and growth: capture the performance of transformative technology and native blockchain assets.
- Diversification in a unified productionT: Provide exposure through asset classes that have traditionally negotiated separately.
- Strategic Risk Management: offering new ways of charging portfolios against risks of multiple assets.
Within the MAG7 + cryptographic equity index
The underlying equity index Mag7 + Mag7 + was weighted evenly in ten components:
- Magnificent 7 stocks: Apple (AAPL), Microsoft (MSFT), Alphabet (Googl), Amazon (AMZN), Nvidia (NVDA), Meta Platforms (Meta), Tesla (TSLA)
- Coinbase stock (currency)
- Cryptocurrency ETF: Ishares Bitcoin Trust Etf (Ibit) and Ishares Ethereum Trust Etf (Etha)
Each of the 10 assets will have a 10%weighting, with the quarterly rebalanced index to reflect the changes in the market. Marketvector has been appointed as the official index supplier.
Commercial details
Mag7 + crypto capital index futures will be monthly cash collaboration contracts. Each contract represents $ 1 x the index, which means that if the index has a price of $ 3,000, the notional value of a contract will be $ 3,000.
Coinbase says that more details about access to trade on associated platforms will soon be published, with an expansion to retail investors planned in the coming months.
The movement highlights the continuous effort of Coinbase to expand beyond individual asset offers to broader derivatives and multiple assets. By joining digital actions and assets, Coinbase aims to forge a unique position in the evolutionary markets of the United States, appealing to investors who are increasingly looking for products at the intersection of traditional finances and cryptographic innovation.
