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Coinbase To Launch Futures Offering Combined Exposure To 'Mag 7' Stocks, Bitcoin And Ethereum ETFs
Coinbase's Mag7 + Crypto Equity Index Futures will offer monthly, cash-settled contracts with equal-weighted components, providing multi-asset exposure for institutional clients first.
- On September 22, Coinbase introduced a new futures product that offers investors combined exposure to major U.S. technology stocks and cryptocurrency ETFs through a hybrid index featuring the "Magnificent Seven" tech giants alongside crypto-related equities.
- The launch follows Coinbase's strategy to expand beyond crypto spot trading amid growing demand for crossover financial products.
- The hybrid index includes the Magnificent 7 stocks, Coinbase shares, and BlackRock’s Bitcoin and Ethereum ETFs, with equal weighting and quarterly rebalancing.
- CEO Brian Armstrong explained that the futures will provide investors with access to opportunities in both cryptocurrency and technology sectors, aligning with the company’s goal to evolve into a comprehensive exchange platform.
- The contracts are set to launch targeting institutional investors and will be available through affiliated platforms at first, with plans to broaden access to retail customers in the near future.
22 Articles
22 Articles
Coinbase To Launch Futures Offering Combined Exposure To 'Mag 7' Stocks, Bitcoin And Ethereum ETFs
Brian Armstrong, CEO of Coinbase Global Inc. (NASDAQ:COIN), announced on Tuesday the upcoming launch of a first-of-its-kind futures offering that provides exposure to top U.S. tech stocks and cryptocurrency simultaneously. COIN stock is staying put for now. Track the latest developments here. Coinbase’s All-In-One Futures Armstrong took to X on Tuesday to share the news. The new product, dubbed Mag7 + Crypto Equity Index Futures, will be a hybri…
Apple, Nvidia, Amazon Among Mag 7 Exposure Coming to Coinbase
Coinbase Derivatives said it will introduce a new type of equity index futures contract later this month, offering investors exposure to both leading U.S. technology stocks and cryptocurrency exchange-traded funds (ETFs) in a single product.Launching Sept. 22, the Mag7 + Crypto Equity Index Futures will be the first U.S.-listed derivatives contracts to combine traditional equities with digital assets, according to a blog post.The move, said the …
Coinbase To Launch Mag7 + Crypto Equity Index Futures - FinanceFeeds
What Coinbase Is Rolling Out Coinbase Derivatives said Tuesday it will launch the Mag7 + Crypto Equity Index Futures on September 22, offering exposure to both equities and digital assets in a single product. The index will track the so-called “Magnificent 7” U.S. tech stocks — Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta and Tesla — along with BlackRock’s spot Bitcoin and Ether ETFs and Coinbase’s own shares. Each of the ten components will…
Coinbase debuts hybrid futures uniting stocks and crypto
Coinbase Derivatives will launch a new futures index on September 22. This product combines major tech stocks with cryptocurrency assets. It marks a significant innovation for the trading landscape. The “Mag7 + Crypto Equity Index Futures” tracks several key assets. These include the “Magnificent 7” tech stocks and popular crypto ETFs. Furthermore, it includes the company’s own stock for added diversity. This initiative represents a first in US …
The new Coinbase futures blur the boundaries between Wall Street and crypto market. In the future, investors will be able to count on the seven largest tech shares as well as Bitcoin and Ethereum in a single product. Source: BTC-ECHO BTC-ECHO
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