As reported by Biji.com, Coinbase has launched a new futures contract called Mag7 + Crypto Stock Index, combining exposure to major tech stocks and crypto ETFs. The index includes shares of seven major U.S. tech companies, Coinbase's own stock, and two crypto ETFs from BlackRock. Each component accounts for 10% of the index's valuation. This marks Coinbase's first attempt to offer a multi-asset derivative product, and if successful, could encourage other exchanges to integrate crypto and traditional financial risks in futures contracts.
Coinbase Launches Mag7 + Crypto Stock Index Futures Combining TradFi and Web3 Exposure
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