On September 3rd, Coinbase officially announced that its derivatives trading platform continues to expand its product portfolio, with the planned launch of the innovative Mag7+ Crypto Asset Stock Index Futures, the first listed derivatives futures contract in the United States covering both stocks and cryptocurrencies. The index comprises:
The "Big Seven" of US stocks: Apple (AAPL), Microsoft (MSFT), Google (GOOGL), Amazon (AMZN), Nvidia (NVDA), Meta (META), Tesla (TSLA)
Coinbase stock (COIN)
Cryptocurrency ETFs: BlackRock Bitcoin Trust (IBIT), Ethereum Trust (ETHA)
The index is calculated using an equal-weighted methodology, with each of its ten components holding a 10% weight. It is rebalanced quarterly to reflect market fluctuations. MarketVector serves as the official index provider. The contract is cash-settled monthly, with each contract representing 1x the index value. Trading of this product is expected to be open to retail users in the coming months.
