Investors Get First Hybrid Futures: Tech Giants Plus Crypto in One Contract

Coinbase Derivatives is set to launch the Mag7 + Crypto Equity Index Futures on September 22, marking a historic milestone in the U.S. derivatives market by combining exposure to both top technology stocks and cryptocurrency ETFs in a single product. This new offering is positioned as the first U.S.-listed derivative to bridge traditional equities and digital assets, catering to growing investor demand for diversified and capital-efficient tools [1].

The Mag7 + Crypto Equity Index is composed of ten equally weighted components, including the seven largest U.S. technology companies—Apple, Microsoft, Alphabet, Amazon, NVIDIA, Meta Platforms, and Tesla—Coinbase’s own stock, and two cryptocurrency ETFs: iShares Bitcoin Trust ETF (IBIT) and iShares Ethereum Trust ETF (ETHA). Each component represents 10% of the index, which will be rebalanced quarterly to maintain equal weightings and reflect market changes [2]. MarketVector has been designated as the official index provider, responsible for calculation and maintenance [3].

The futures contracts are monthly, cash-settled products where each contract represents $1 multiplied by the index value. For instance, at an index price of $3,000, the notional value of a contract would be $3,000. These contracts are intended to offer investors thematic exposure to innovation and growth sectors, while also serving as a strategic tool for managing multi-asset risk [4]. Coinbase emphasizes that the product is a step toward its broader vision of becoming an “everything exchange,” integrating a range of financial services, including trading, payments, and social features [5].

The launch of the Mag7 + Crypto Equity Index Futures aligns with Coinbase's ongoing efforts to expand its derivatives offerings. The product will initially be available through partner platforms, with plans to extend access to retail investors in the coming months. This move follows Coinbase’s acquisition of Deribit and its recent introduction of CFTC-regulated perpetual contracts for U.S. customers, which offer up to 10x leverage with competitive fees [6].

The product has been described as a response to the evolving landscape of investor demand, which increasingly favors instruments that combine exposure to traditional and digital assets. Analysts note that the hybrid index addresses three core investor needs: thematic exposure to innovation, diversification across traditionally separate asset classes, and enhanced risk management capabilities [7]. As the derivatives market continues to grow, the introduction of such products is expected to contribute to broader adoption and efficiency for investors.

Source:

[1] Coming September 22: Mag7 + Crypto Equity Index Futures (https://www.coinbase.com/blog/coming-september-22-mag7-crypto-equity-index-futures)

[2] Coinbase Equity Futures to Blend Mag 7 Tech Stocks ... (https://www.coindesk.com/markets/2025/09/02/new-coinbase-futures-blend-mag-7-tech-stocks-with-crypto-etfs)

[3] Coinbase To Launch Futures Index Mixing Crypto, Tech ... (https://cointelegraph.com/news/coinbase-launching-crypto-tech-stocks-futures-index)

[4] Coinbase's New Derivatives: The Future of Crypto Payroll ... (https://www.onesafe.io/blog/coinbase-derivatives-future-investment-opportunities)

[5] Coinbase To Launch Mag7 + Crypto Equity Index Futures ... (https://bitcoinmagazine.com/markets/coinbase-to-launch-mag7-crypto-equity-index-futures-on-sept-22-featuring-apple-tesla-and-bitcoin-exposure)

[6] Coinbase launches futures product combining tech stocks ... (https://cryptoslate.com/coinbase-launches-futures-product-combining-tech-stocks-with-crypto-exposure/)

[7] Will COIN's New Index Combining Mag 7 and Crypto Futures ... (https://finance.yahoo.com/news/coins-index-combining-mag-7-170300212.html)