Coinbase is planning to launch the first U.S. stock and cryptocurrency blended index futures, with the index composition including seven giants, COIN, and two BlackRock spot ETFs.
BlockBeats News, September 3rd, according to official sources, Coinbase announced that its derivative trading platform is continuously expanding its product lineup, planning to launch the innovative Mag7+ Cryptocurrency Stock Index Futures, the first derivative futures contract in the United States to cover both stocks and cryptocurrencies simultaneously. The index composition includes:
· US Stock "Big Seven": Apple (AAPL), Microsoft (MSFT), Google (GOOGL), Amazon (AMZN), Nvidia (NVDA), Meta (META), Tesla (TSLA)
· Coinbase Stock (COIN)
· Cryptocurrency ETFs: Bletchley Bitcoin Trust (IBIT), Ethereum Trust (ETHA)
The index uses an equally weighted calculation method, with each of the 10 components holding a 10% weight, and quarterly rebalancing to reflect market changes. MarketVector serves as the official index provider. The contracts use a monthly cash settlement model, with each contract representing 1 times the index value, and are expected to open trading of this product to retail users in the coming months.
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