Coinbase launches futures trading for index that includes Nvidia and BlackRock's Bitcoin ETF
Quick Take
- Crypto exchange Coinbase is launching equity index futures for a product that combines exposure to stocks like Nvidia and Google with BlackRock’s Bitcoin and Ethereum ETFs.
- The new product is called Mag7 + Crypto Equity Index Futures and will be available later this month.
Coinbase said on Tuesday it will be launching futures trading for an index that combines exposure to both top stocks and crypto-based ETFs.
"We’re diversifying our US derivatives platform beyond single-asset offerings for the first time, launching a new equity index product," the company said in a statement.
The new product, dubbed Mag7 + Crypto Equity Index Futures, gives traders a chance to trade an index combining top tech stocks with BlackRock's spot Bitcoin and Ethereum ETFs.
Besides the two ETFs, the index includes balanced exposure to Coinbase's own shares in combination with Apple, Microsoft, Google's parent company Alphabet, Amazon, Nvidia, Meta, and Tesla.
"The Index will follow an even-weighting methodology, with each of the 10 components representing 10% of the Index," Coinbase said.
The cryptocurrency exchange's move to increase trading activity comes after it reported a decline in spot trading volumes and revenue for the second quarter. Coinbase has both said it's looking into expanding into prediction markets and launched a DEX integration that allows traders to buy and sell digital assets previously unavailable to them on the company's platform.
Coinbase's wish to entice users to try and earn returns by trading products connected to publicly-traded companies is part of a growing trend across the digital assets industry designed to engage with traditional finance and investors through tokenized equities or transforming publicly-listed companies into crypto treasuries.
Trading of Coinbase's Mag7 + Crypto Equity Index Futures kicks off on Sept. 22.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
