Coinbase to Launch First U.S. Futures Blending Tech Giants and Crypto ETFs

Coinbase is preparing to debut a groundbreaking derivatives product that fuses Wall Street’s most valuable tech companies with the crypto sector.

According to a September 2 announcement, the exchange will launch Mag7 + Crypto Equity Index Futures on September 22, introducing the first U.S.-listed futures contract that combines equity and digital asset exposure.

The launch follows closely on Coinbase’s July rollout of CFTC-regulated perpetuals for U.S. customers, underscoring the company’s accelerated push into derivatives.

Inside the hybrid index

The Mag7 + Crypto Equity Index will hold 10 equally weighted components, each accounting for 10% of the basket. Seven are the so-called “Magnificent Seven” tech stocks—Apple, Microsoft, Alphabet, Amazon, NVIDIA, Meta, and Tesla – while Coinbase’s own shares and two crypto ETFs round out the mix.

The crypto allocation comes via BlackRock’s iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA), offering investors indirect exposure to the two largest digital assets by market cap. The index will be rebalanced quarterly, ensuring each component maintains its equal weight.

Why it matters

Coinbase argues that no U.S. derivatives market has previously allowed investors to capture equity and crypto exposure in a single contract. By bridging these asset classes, the exchange aims to provide a capital-efficient tool for diversification and risk management, especially for institutions seeking to hedge multi-asset portfolios.

Boris Ilyevsky, head of Coinbase Derivatives, framed the product as part of a broader strategy to expand beyond single-asset offerings. “This index represents thematic exposure to both transformative technologies and blockchain-native assets,” he said, positioning it as a forward-looking solution for investors.

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Contract structure

The Mag7 + Crypto Equity Index Futures will trade as monthly, cash-settled contracts, with each contract valued at $1 times the index level. For example, if the index trades at $3,000, a single futures contract will carry a notional value of $3,000.

MarketVector will serve as the official index provider, ensuring methodology and rebalancing remain transparent.

What’s next

Coinbase plans to make the contracts available initially through partner trading platforms, with retail access to follow. The company believes this launch marks the start of a new era for U.S. derivatives markets, where investors can seamlessly capture both Big Tech growth and crypto’s volatility within a single instrument.

If successful, the Mag7 + Crypto Equity Index Futures could become a blueprint for more multi-asset derivatives, offering traders and institutions a way to navigate innovation at the intersection of technology and finance.