Coinbase will launch the “Mag7 + Crypto Equity Index Futures” on Sept. 22, 2025, a cash‑settled monthly futures contract that equally weights the seven top US tech stocks, BlackRock’s BTC and ETH ETFs, and Coinbase stock to provide combined equities and crypto exposure in one product.
-
One contract mixes the Magnificent 7, BTC and ETH ETFs, and COIN stock — each at 10%
-
Initial access goes to institutional clients; retail availability will follow in coming months.
-
Coinbase acquired Deribit in May 2025; derivatives volumes jumped 132% year‑on‑year last year.
Mag7 + Crypto Equity Index Futures — Coinbase launches Sept. 22, 2025; trade institutional first, retail later. Learn how it mixes tech stocks and crypto ETFs.
What are the Coinbase Mag7 + Crypto Equity Index Futures?
The Mag7 + Crypto Equity Index Futures are a new monthly, cash‑settled futures contract from Coinbase Derivatives that tracks the “Magnificent 7” US tech stocks, BlackRock’s Bitcoin and Ether ETFs, and Coinbase stock. The index gives combined exposure to equities and crypto in a single instrument with equal 10% component weights.
How is the index weighted and settled?
The index uses equal weighting: Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, Tesla, BTC ETF, ETH ETF and Coinbase stock each receive 10% allocation. Contracts are monthly and cash‑settled, with each contract representing $1 multiplied by the fund metric. Contracts will be rebalanced quarterly to reflect market changes.
Coinbase Derivatives announced the product on Sept. 2, 2025, naming MarketVector as the official index provider. The exchange said historically there was no US‑listed derivative combining equities and cryptocurrencies in one futures product, making this the first major US offering of its kind.
Allocation split of Coinbase’s Mag 7 + Crypto Equity Index Futures. Source: Coinbase
Why does Coinbase launch a combined equities-crypto futures product?
Coinbase said the index is part of a push to bridge asset classes that traditionally traded separately. The product aligns with Coinbase’s strategy to expand its derivatives offering after acquiring Deribit in May 2025 for $2.9 billion, and builds toward CEO Brian Armstrong’s “everything exchange” vision, which combines wallet, trading, payments and social features.
Who gets access first and when will retail traders participate?
Institutional clients will have first access to the Mag7 + Crypto Equity Index Futures when trading opens on Sept. 22, 2025. Coinbase plans to announce partner platform access details soon and make the product available to retail users in the months following launch.
Each contract is described as monthly, cash‑settled, and structured so that one contract represents $1 multiplied by the fund metric. Coinbase will rebalance the index quarterly to reflect market changes and constituent shifts.
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 22. pic.twitter.com/iTLSt7a8kx
— Brian Armstrong (@brian_armstrong) September 2, 2025
Coinbase reported an uptick in derivatives trading activity ahead of the launch. Daily derivatives volumes have consistently exceeded $5 billion over the past month, and reached $9.9 billion on Aug. 25, 2025 — the strongest single day since at least June 5, per Coinbase data.
Daily change in daily derivatives trading volume since June 5. Source: Coinbase
How does this compare to competitor moves in derivatives?
Rival exchanges are also expanding derivatives offerings. Kraken launched a derivatives platform after acquiring NinjaTrader, aiming to offer traditional derivatives market access to US customers. Coinbase’s new product differentiates by directly combining large‑cap tech equities with crypto ETF exposure in one futures instrument.
Crypto derivatives volume rose 132% year‑on‑year in 2024, and 2025 is on track to exceed that pace: the first two quarters saw more than $20 trillion in derivatives trading across platforms, highlighting growing institutional and retail interest in advanced products.
Frequently Asked Questions
When does the Mag7 + Crypto Equity Index Futures launch?
The product launches on Sept. 22, 2025, for institutional clients first. Retail availability will be announced in the following months.
What assets are included in the index?
Ten components: Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, Tesla, BlackRock’s BTC ETF, BlackRock’s ETH ETF, and Coinbase stock, each weighted at 10%.
Will contracts be physically settled?
No. Contracts are monthly and cash‑settled; each contract represents $1 multiplied by the fund metric and will be rebalanced quarterly.
Key Takeaways
- Product launch: Coinbase launches Mag7 + Crypto Equity Index Futures on Sept. 22, 2025, starting with institutional clients.
- Structure: Ten components (Magnificent 7, BTC ETF, ETH ETF, COIN) equally weighted at 10%, monthly cash settlement, quarterly rebalancing.
- Market context: Launch follows Coinbase’s Deribit acquisition and broader industry derivatives growth, with 2025 derivatives volume on pace to outpace 2024.
Conclusion
The Mag7 + Crypto Equity Index Futures represent Coinbase’s first US futures product that directly blends major tech equities and crypto ETFs into a single, tradable contract. This move fits Coinbase’s broader strategy to expand derivatives offerings and advance its “everything exchange” roadmap. Traders should monitor institutional access windows, rebalancing dates, and platform rollout details as retail availability is announced.
