Crypto Exchange Coinbase is set up to deploy US top tech stocks, funds trading on crypto exchanges, and futures products that track their own shares to provide stock and crypto exposure in a single agreement.
Coinbase Derivatives said Tuesday it will launch “MAG7 + Crypto Equity Index Futures” on September 22nd. It tracks “Magnificent 7” technology stocks from Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta and Tesla, as well as BlackRock’s Bitcoin (BTC) and ETHETH (ETH) and Coinbase stocks.
“Historically, there have been no US-listed derivatives that provide access to both stocks and cryptocurrencies within futures products,” the exchange says, adding an index gives exposure to “asset classes that were traditionally traded separately.”
Coinbase’s first major derivative has been moving since it acquired Deribit (previously the largest crypto option and futures exchange) for $2.9 billion in May. Last year, Crypto Derivatives volume rose 132% year-on-year, with 2025 seeing more than $20 trillion in the first two quarters, and the tally has been on track.
Retailers to wait for access
Each component of Coinbase’s upcoming index will be weighted evenly at 10%, allowing the exchange’s institutional clients to access the product first.
Details of transaction access through the partner platform will be announced soon, and Coinbase plans to make the product available to retail users in the coming months.
The index is treated as a monthly cash-held contract, with each contract multiplying the fund.
Coinbase says that quarterly rebalances will be carried out to reflect market changes, and Marketvector will act as the official index provider.
The index part of the “all apps” plan says to the CEO
“As part of Everything Exchange, we’re launching more of these products,” Coinbase CEO Brian Armstrong wrote to X on Tuesday.
In mid-July, the company debuted its plan to become “all apps” for crypto, rebranding Coinbase wallets as “base apps” with the aim of creating a platform that combines crypto wallets, transactions, payments, social media and messaging.
We are launching the first US futures to simultaneously expose ourselves to top US tech stocks and crypto.
We are launching more of these products as part of Everything Exchange.
I’ll be there on September 22nd. pic.twitter.com/itlst7a8kx
– Brian Armstrong (@brian_armstrong) September 2, 2025
This has consistently exceeded $5 billion in daily volume over the past month amid increasing trading activity on Coinbase’s derivatives platform.
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On August 25th, the transaction reached $9.9 billion. This is the strongest day on the platform since at least June 5th, Coinbase data shows.
Rival Kraken bets derivatives
Kraken launched Ninjatrader, the Crypto Derivatives platform, on July 15, after acquiring the $1.5 billion company four months ago.
Kraken said the deal would align with the broader goal of providing US customers with access to traditional derivatives markets and becoming a one-stop platform for all types of transactions.
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