On Sept. 22, Coinbase Derivatives will debut the Mag7 + Crypto Equity Index Futures, a first-of-its-kind U.S. derivatives product that combines exposure to both leading tech stocks and major crypto assets.
The index tracks the “Magnificent 7” tech giants—Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla—alongside Coinbase’s own stock and two of the largest crypto ETFs: BlackRock’s iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA).
Coinbase highlighted the uniqueness of the product: “Historically, there has been no U.S.-listed derivative that provides access to both equities and cryptocurrencies within a single futures product.”
Each component will carry an equal 10% weighting, preventing any single asset from dominating the mix. The index will be rebalanced quarterly to maintain balance, with MarketVector serving as the official index provider.
Contracts will be cash-settled monthly, with each valued at $1 × the index level—so if the index is at 3,000 points, one contract represents $3,000.
Initially, the product will be available to institutional clients, with broader retail rollout expected later via partner platforms. Coinbase says the goal is to create a capital-efficient gateway for exposure to both legacy tech leaders and blockchain-native assets, markets that have “traditionally traded separately.”
“Equity index futures mark the next evolution of our product suite and pave the way for a new era of multi-asset derivatives that broaden access, efficiency, and opportunity for investors,” Coinbase stated.
Part of the “Everything App” Vision
For CEO Brian Armstrong, the new futures product ties into Coinbase’s broader ambition to become a crypto “everything app.” In a recent X post, Armstrong confirmed plans to launch more multi-asset products as part of the “everything exchange.”
The strategy was first outlined in July during Coinbase’s “A New Day One” livestream, where the rebranded Base App was unveiled as a unified onchain platform merging trading, payments, social features, and app discovery.
Expansion into Australia
Separately, Coinbase is also targeting the Australian retirement savings market. According to Bloomberg (Sept. 1), the company is preparing tailored products for self-managed superannuation funds (SMSFs), giving individuals greater control over their retirement investments. Over 500 investors have already joined the waitlist.
