Coinbase will launch a futures product later this month that will give exposure to the top seven US tech stocks alongside Bitcoin and Ether ETFs.
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Crypto exchange Coinbase is set to roll out a futures product tracking the top US tech stocks, crypto exchange-traded funds, and its own shares to offer exposure to equities and crypto in a single contract.
Coinbase Derivatives on Tuesday it’s launching the “Mag7 + Crypto Equity Index Futures” on Sept. 22, which will track the “Magnificent 7” tech stocks of Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta and Tesla, along with BlackRock’s Bitcoin () and Ether () ETFs and Coinbase’s stock.
“Historically, there has been no US-listed derivative that provides access to both equities and cryptocurrencies within a futures product,” the exchange said, adding its index would give exposure to “asset classes that have traditionally traded separately.”
It marks Coinbase’s first major derivatives move — previously the largest crypto options and futures exchange — for $2.9 billion in May. Crypto derivatives volume 132% year-on-year last year, and 2025 is on track to top that tally with the first two quarters seeing more than $20 trillion.
Retail traders to wait for access
Each component in Coinbase’s upcoming index will be weighted evenly at 10%, with the exchange’s institutional clients first to have access to the product.
Details on trading access through partner platforms will be announced soon, with Coinbase planning to make the product available to in the coming months.
The index will be treated as monthly, cash-settled contracts, with each contract representing $1 multiplied by the fund.
Coinbase said it will be rebalanced each quarter to reflect any market changes, with MarketVector serving as the official index provider.
Index part of “everything app” plan, says CEO
“We’ll launch more products like this as part of the everything exchange,” Coinbase CEO Brian Armstrong wrote to X on Tuesday.
In mid-July, the company to become a crypto “everything app,” rebranding its Coinbase Wallet as “Base app” with the aim of creating a platform combining a crypto wallet, trading, payments, social media and messaging.
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.
— Brian Armstrong (@brian_armstrong)
It comes amid an uptick in trading activity on , with daily volumes consistently $5 billion over the past month.
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On Aug. 25, trading hit $9.9 billion — the platform’s strongest single day since at least June 5, Coinbase data shows.
Rival Kraken makes derivatives bet
Kraken launched its crypto derivatives platform, , on July 15, following its $1.5 billion acquisition of the firm
Kraken said the deal would give its US customers access to the traditional derivatives markets, aligning with its broader goal of becoming a one-stop platform for all types of trading.
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