Coinbase Futures: Stocks, Bitcoin, and Ethereum in one product

Coinbase is expanding its derivatives offering with a product that connects the traditional financial world and the crypto market. Starting September 22, the crypto exchange will launch the so-called “Mag7 + Crypto Equity Index Futures” – the first US-listed contracts that combine tech stocks and crypto ETFs into a single instrument.
The index is comprised of a total of ten equally weighted components. These include the “Magnificent Seven” technology companies Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla, Coinbase stock itself, and BlackRock's Bitcoin and Ethereum ETFs: the iShares Bitcoin Trust (IBIT) and the iShares Ethereum Trust (ETHA).

Each component makes up 10 percent of the index. The balance is rebalanced once a quarter. The index is developed and maintained by the official provider, MarketVector.
The contracts are monthly, cash-settled, and valued at one US dollar per index point.
For example, if the index is at 3,000 points, the notional value of a futures contract is $3,000. The product is intended to provide a capital-efficient way to combine diversification and risk management across different asset classes.
Institutional clients will initially have access, with a rollout to retail investors planned “in the coming months.” The product will be traded via selected partner platforms.
Coinbase CEO Brian Armstrong described the launch as another step toward becoming an “everything exchange.” The company had already rebranded its wallet as the “Base App” in the summer, with the goal of creating an all-in-one platform that combines trading, payment services, social networking, and messaging.

We're launching the first US futures that give exposure to the top US tech stocks and crypto at the same time.

We'll launch more products like this as part of the everything exchange.

Coming on September 22nd pic.twitter.com/iTLSt7a8kx

— Brian Armstrong (@brian_armstrong) September 2, 2025

The offensive in the derivatives sector is no coincidence: Coinbase recently recorded daily trading volumes of up to $9.9 billion on its platform. In May, the exchange also acquired options broker Deribit for $2.9 billion to better position itself in the global futures and options business.
With this move, Coinbase is breaking new ground in the US. While other crypto exchanges such as Binance and Bybit have been offering multi-asset products outside the US for years, regulatory uncertainty had blocked this market in their home country. Kraken also recently launched its US derivatives platform following the $1.5 billion acquisition of NinjaTrader.
This suggests a race for access to a lucrative market: Crypto derivatives recorded growth of 132 percent in 2024. And in the first two quarters of 2025 alone, trading volume already exceeded $20 trillion – a record pace that further underscores the strategic importance of the new Coinbase product.

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