Coinbase has announced the launch of a new product called Mag7 + Crypto Equity Futures, set to launch on September 22, 2025.
Overview of the New Product
Coinbase has introduced a new derivatives product, Mag7 + Crypto Equity Futures, which allows investment in prominent U.S. tech companies and cryptocurrencies. The product will initially be available for institutional traders, with retail access coming later.
Index Composition
The index includes shares of the 'Magnificent 7' tech companies, such as Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla. Also included are Coinbase’s stock (COIN) and BlackRock's Bitcoin (IBIT) and Ethereum (ETHA) ETFs, each constituting a weight of 10%.
Coinbase's Strategic Goals
Coinbase's acquisition of Deribit, a leading crypto options and futures exchange, highlights its commitment to expanding its derivatives business. The launch of this new product aims to increase liquidity in both crypto and equity markets.
The launch of the Mag7 + Crypto Equity Futures product could have a significant impact on liquidity and trading volumes in both cryptocurrency and traditional financial markets.