Cryptocurrency exchange Coinbase announced the launch of a unique derivative in the market - futures on the Mag7+ index. This instrument for the first time in American history combines shares of leading tech giants and cryptocurrency ETFs in one portfolio, forming a synthetic investment basket.
According to company representatives, the launch of the product marks the evolution of their derivatives platform: from narrowly focused contracts on individual assets to multi-component, complex solutions. This step is aimed at expanding the range of financial instruments and attracting a more diverse audience of investors.
What is included in the index?
The Mag7+ index includes shares of seven key players in the tech sector: Apple, Microsoft, Alphabet (owner of Google), Amazon, Nvidia, Meta, and Tesla. The composition is complemented by the securities of Coinbase itself, as well as spot ETFs on Bitcoin and Ethereum, issued by BlackRock. All ten components are evenly distributed - each occupies exactly 10% share, ensuring the balance and diversification of the index.
Why now?
The launch of the new instrument occurs against the backdrop of declining activity in the spot market and a drop in Coinbase's revenue in the second quarter. In search of sustainable sources of growth, the company is betting on diversification: in addition to index futures, plans include integration with decentralized exchanges (DEX) and the development of prediction markets.
Who will be the target audience?
The new product is aimed not only at experienced crypto enthusiasts but also at institutional investors accustomed to working with traditional financial assets. Trading futures on the Mag7+ index will start on the Coinbase Derivatives platform on September 22.