Coinbase to launch Mag7 crypto equity index futures

New derivatives product links leading tech equities with crypto, debuting on Sept. 22

by Blockworks /
article-image

miss.cabul/Shutterstock modified by Blockworks

share

Coinbase Derivatives announced it will launch Mag7 Crypto Equity Index Futures on Sept. 22, offering traders exposure to the performance of the so-called “Magnificent Seven” technology companies through a new regulated product.

The Mag7 index references Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta and Tesla, with CF Benchmarks — a Kraken subsidiary — serving as the index calculation agent. Each futures contract will represent one one-hundredth of the index’s value, according to Coinbase’s announcement.

The contracts will be listed on Coinbase’s CFTC-regulated derivatives exchange, which already offers products tied to bitcoin and ether. Access will be available through futures commission merchants and broker intermediaries.

The move builds on Coinbase’s existing suite of digital asset derivatives, which expanded in 2023 when the company launched bitcoin and ether futures and secured approval to make them available to US retail traders. By introducing an equity-linked benchmark, Coinbase is extending its product set beyond pure crypto markets at a time when derivatives trading remains one of the industry’s fastest-growing segments.

While the Securities and Exchange Commission (SEC) has pursued enforcement actions in the token markets, futures products such as Mag7 fall under the oversight of the CFTC, which has historically been more open to crypto-linked derivatives.

This is a developing story.


This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates (1).png

Research

Aave’s revenues have doubled from April lows and are fast approaching all-time highs. With 35% of borrow interest coming from ETH and 55% from stablecoins, Aave is emerging as a powerful proxy as an ETH and stablecoin beta. As looping strategies accelerate growth and Horizon positions the protocol to ride the RWA wave, Aave is shaping up as one of DeFi’s most compelling multi-narrative plays.

article-image

New derivatives product links leading tech equities with crypto, debuting on Sept. 22

by Blockworks /
article-image

Solana’s Alpenglow has passed, targeting ~150ms finality

by Carlos /
article-image

Everyone knows that crypto is psychological torture

article-image

Governance vote clears SIMD-0326, shifting Solana to a new consensus model

by Blockworks /
article-image

Company boosts ETH holdings by $177 million through capital markets strategy

by Blockworks /