Coinbase is launching a new futures product called "Mag7 + Crypto Equity Index Futures" that combines exposure to both top tech stocks and crypto-based ETFs. Scheduled to debut on September 22, 2025, this innovative financial instrument marks a significant step for Coinbase as it diversifies its U.S. derivatives platform beyond single-asset offerings.

The index is comprised of the "Magnificent Seven" technology stocks: Apple, Microsoft, Alphabet (Google), Amazon, Nvidia, Meta, and Tesla, along with Coinbase's own stock, and BlackRock's Bitcoin and Ethereum ETFs (iShares Bitcoin Trust ETF (IBIT) and iShares Ethereum Trust ETF (ETHA)). The index follows an even-weighting methodology, with each of the 10 components representing 10% of the index. The components will be rebalanced quarterly to reflect any market changes. MarketVector has been designated as the official Index provider.

Coinbase is positioning this product as a way to offer broader access and efficiency for investors seeking multi-asset derivatives. The company aims to meet the growing demand for investment vehicles that provide dual exposure to traditional financial instruments and digital assets. The contracts will be monthly and cash-settled, with each one valued at $1 times the index level. For example, at an index price of $3000, the notional value of each contract would be $3000.

This move to increase trading activity comes after Coinbase reported a decline in spot trading volumes and revenue for the second quarter. By offering a combined exposure to both equities and crypto, Coinbase is looking to attract a broader range of investors. The launch builds upon Coinbase's derivatives expansion following its July introduction of CFTC-regulated perpetual contracts for US customers. The company also has said it’s looking into expanding into prediction markets and launched a DEX integration that allows traders to buy and sell digital assets previously unavailable to them on the company's platform.

For financial managers in US-based crypto startups, the launch of Coinbase's futures index could both boost returns and bring more volatility. The increasing correlation between cryptocurrencies and traditional market indices, especially during downturns, also requires a rethink of diversification tactics.