Coinbase plans to launch the first index futures in the U.S. that covers both stocks and cryptocurrencies, with the index composition including the seven giants, COIN, and two BlackRock spot ETFs

ChainCatcher news, Coinbase announced the continuous expansion of its derivatives trading platform product matrix, planning to launch the innovative Mag7 + crypto asset stock index futures, which will be the first listed derivatives futures contract in the U.S. covering both stocks and cryptocurrencies.

The index composition includes: U.S. stocks "Seven Giants": Apple (AAPL), Microsoft (MSFT), Google (GOOGL), Amazon (AMZN), Nvidia (NVDA), Meta (META), Tesla (TSLA); Coinbase stock (COIN); cryptocurrency ETFs: BlackRock Bitcoin Trust (IBIT), Ethereum Trust (ETHA). The index uses an equal-weight calculation method, with each of the 10 components accounting for 10% weight, and will be rebalanced quarterly to reflect market changes. MarketVector serves as the official index provider. The contracts adopt a monthly cash settlement model, with each contract representing 1 times the index value, and the product trading is expected to be opened to retail users in the coming months.