Coinbase has announced futures for a custom index that merges large-cap technology stocks with cryptocurrency ETFs.
The product, dubbed Mag7 +, includes Nvidia, BlackRock's IBIT, and the company's own shares and represents Coinbase's first US derivative beyond individual assets.
This innovation follows a decline in spot trading revenue in the second quarter and aligns with the platform's broader initiative to capture value from prediction markets and integrated DEX trading, signaling an aggressive expansion of its product range.
Coinbase said:
"The Index will follow an even-weighting methodology, with each of the 10 components representing 10% of the Index."