Coinbase Ranks 38th in Trading Volume as It Launches First U.S. Futures Product Combining Magnificent 7 and Crypto ETFs

On September 3, 2025, Coinbase recorded a trading volume of $1.59 billion, a 23.45% decline from the previous day, ranking 38th in overall market activity. The stock closed with a 0.41% decline. The exchange is set to launch the first U.S.-listed futures product combining exposure to the “Magnificent 7” tech stocks, its own equity, and cryptocurrency ETFs on September 22. The Mag7 + Crypto Equity Index Futures will offer investors a diversified basket of 10 equally weighted components, including Apple, Microsoft, Alphabet, Amazon, NVIDIA, Meta, Tesla, Coinbase shares, and BlackRock’s iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA). The index will be rebalanced quarterly to maintain equal weighting, with MarketVector designated as the official provider.

The product, structured as monthly, cash-settled contracts valued at $1 times the index level, aims to address demand for capital-efficient tools in multi-asset portfolios. Coinbase positions it as a strategic expansion beyond single-asset derivatives, aligning with its broader vision to bridge traditional equities and blockchain-native assets. Boris Ilyevsky, head of Coinbase Derivatives, emphasized the offering as a thematic exposure to innovation and growth, enabling institutions to hedge risk across asset classes. The launch follows the July introduction of CFTC-regulated perpetuals for U.S. customers, reflecting accelerated regulatory progress in derivatives.

Initial availability will be through partner platforms, with retail access planned for later release. The product’s structure—combining 70% tech stocks and 30% crypto ETFs—highlights Coinbase’s pivot toward multi-asset trading hubs amid evolving regulatory scrutiny. By integrating physical exposure to crypto through ETFs, the exchange mitigates direct custody risks while catering to institutional demand for diversified instruments. The move underscores growing convergence between traditional finance and crypto markets, with Coinbase leveraging its regulatory compliance to capture a broader investor base.

The Mag7 + Crypto Equity Index Futures will settle at $1 multiplied by the index price, ensuring flexibility for traders. For example, a $3,000 index level would equate to a $3,000 notional value per contract. This approach aligns with capital-efficient trading strategies, offering exposure to both tech growth and crypto volatility in a single instrument. The product’s success could establish a blueprint for future multi-asset derivatives, reinforcing Coinbase’s role in shaping the next phase of U.S. derivatives markets.