Coinbase Introduces Mag7 Cryptocurrency Equity Index Futures Contracts on September 22
On September 22, 2025, Coinbase, the leading cryptocurrency exchange, will launch the "Mag7 + Crypto Equity Index Futures" product. This innovative product, which combines tech stocks, crypto ETFs, and Coinbase's own stock into one product, will be the official index of which is provided by MarketVector.
The index will consist of equally weighted components, with each component accounting for 10% of the index. The tech giants included in the index are Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla. In addition, the index will feature BlackRock's Bitcoin and Ethereum ETFs, and Coinbase's own stock.
Coinbase's move to launch this product is part of its expansion strategy to become a "crypto everything app." This strategy aligns with the company's vision, as expressed by CEO Brian Armstrong, to launch more products like this as part of the everything exchange.
The futures contracts for this product will be monthly and cash-settled, representing $1 multiplied by the index level. Coinbase plans to make the product available to retail users in the coming months, following its initial availability to institutional clients.
Prior to the acquisition of Deribit for $2.9 billion in May, Deribit was the largest crypto options and futures exchange. With the acquisition, Coinbase aims to strengthen its position in the derivatives market.
Meanwhile, Kraken, another major cryptocurrency exchange, launched its own crypto derivatives platform, NinjaTrader, on July 15. Kraken's move aims to give its US customers access to traditional derivatives markets. Kraken acquired NinjaTrader four months earlier.
The crypto derivatives market has seen significant growth in recent years. Last year, trading volumes increased by 132% year-on-year, and the first two quarters of 2025 have already recorded more than $20 trillion in volume. This puts the year on track to surpass last year's record numbers.
On August 25, Coinbase recorded its strongest single day trading volume since at least June 5, with $9.9 billion. This demonstrates the growing interest and activity in the cryptocurrency market.
In mid-July, Coinbase rebranded its Coinbase Wallet as "Base app." This move is part of Coinbase's ongoing efforts to streamline its services and make them more user-friendly.
As the cryptocurrency market continues to evolve, Coinbase's "Mag7 + Crypto Equity Index Futures" product is set to be a significant addition, offering investors a unique opportunity to diversify their portfolios and participate in the growth of the crypto market.
