Coinbase launches futures product combining tech stocks with crypto exposure

Coinbase volition motorboat Mag7 + Crypto Equity Index Futures to make the archetypal US-listed futures merchandise that combines accepted equities and crypto exposure, according to a Sept. 2 announcement.

The merchandise volition debut connected Sept. 22, arriving little than 2 months aft Coinbase began offering CFTC-regulated perpetuals to US customers successful July.

The hybrid scale tracks 10 arsenic weighted components: the 7 largest US exertion companies, known arsenic the “Magnificent Seven,” Coinbase’s ain stock, and BlackRock’s Bitcoin and Ethereum ETFs.

Each constituent represents 10% of the index, with quarterly rebalancing to support adjacent weightings.

The Magnificent Seven stocks see Apple, Microsoft, Alphabet, Amazon, NVIDIA, Meta, and Tesla. The cryptocurrency vulnerability is provided done the iShares Bitcoin Trust ETF (IBIT) and the iShares Ethereum Trust ETF (ETHA), offering indirect entree to the 2 largest integer assets by marketplace capitalization.

Product structure

Coinbase positions the merchandise arsenic addressing capitalist request for dual vulnerability to accepted fiscal instruments and integer assets.

The institution stated that nary US-listed derivative antecedently offered entree to some equities and cryptocurrencies wrong a futures product.

The monthly cash-settled contracts correspond $1 multiplied by the scale value. At an illustration scale terms of $3,000, each declaration would transportation a notional worth of $3,000. MarketVector serves arsenic the authoritative scale supplier for calculation and maintenance.

The motorboat builds connected Coinbase’s derivatives enlargement pursuing its July instauration of CFTC-regulated perpetual contracts for US customers.

Those products connection up to 10x leverage with 0.02% fees connected large cryptocurrencies, including Bitcoin, Ethereum, and Solana.

Coinbase frames the equity scale futures arsenic marking “the adjacent improvement of our merchandise suite” and paving the mode for multi-asset derivatives that broaden entree and ratio for investors.

The institution promises to grow availability to retail users successful the coming months aft the archetypal motorboat done spouse platforms.

The station Coinbase launches futures merchandise combining tech stocks with crypto exposure appeared archetypal connected CryptoSlate.