Break the boundaries! Coinbase launches the world's first "Tech Giant + Cryptocurrency" hybrid futures
Coinbase's derivatives department will launch the world's first stock index futures product "Mag7 + Crypto" linked to U.S. tech giants and cryptocurrencies on September 22. The product will include seven major tech companies such as NVIDIA, Apple, and Alphabet, as well as Coinbase stock and Bitcoin and Ethereum ETFs, with quarterly adjustments to the constituent stocks and cash settlement. This move aims to attract investors interested in tech stocks and the crypto market, breaking the boundaries between traditional finance and digital assets
According to Zhitong Finance APP, Coinbase Global (COIN.US) announced on Tuesday that its derivatives department will launch an innovative stock index futures product linked to the seven major technology giants in the U.S. stock market and cryptocurrency assets on September 22. According to the official blog, the newly launched "Mag7 + Crypto" stock index futures will become the first cross-asset class derivatives in the U.S., providing investors with a new tool to simultaneously invest in traditional tech stocks and the cryptocurrency market.
The index consists of 10 equally weighted constituent stocks (each accounting for 10%), including traditional tech giants such as NVIDIA (NVDA.US), Apple (AAPL.US), Alphabet (GOOGL.US), Amazon (AMZN.US), Meta Platforms (META.US), and Tesla (TSLA.US), while also incorporating Coinbase's own stock and the world's largest cryptocurrency ETFs—iShares Bitcoin Trust (IBIT.US) and iShares Ethereum Trust (ETHA.US). Notably, the index will undergo quarterly adjustments to its constituent stocks to dynamically adapt to market changes.
The newly launched futures contracts will be cash-settled, with a contract unit of "1 dollar × index price." For example, when the index level is $3000, the nominal value of a single contract will be $3000. Coinbase emphasizes that this product innovation breaks the traditional single asset class limitations of the U.S. derivatives market, achieving cross-market linkage between tech stocks and crypto assets for the first time.
This product launch is seen as an important move for Coinbase to expand its institutional business. By integrating traditional tech giants with cryptocurrency assets into the same index framework, the platform aims to attract investors who are interested in the growth potential of tech stocks while also wanting to participate in the crypto market. The launch of this product may further blur the boundaries between traditional finance and the digital asset market, providing global investors with more flexible risk hedging tools
