Coinbase is launching “Mag7 + Crypto Equity Index Futures” on Sept. 22, tracking top US tech stocks, crypto ETFs, and Coinbase shares in one contract. This move follows Coinbase’s acquisition of Deribit for $2.9 billion in May, aiming to offer exposure to equities and crypto in a single product. Crypto derivatives volume rose 132% last year and is on track to exceed $20 trillion in 2025.

Each component in the index will be equally weighted at 10%, with institutional clients gaining first access. Retail traders will have access in the coming months. The index will be monthly and cash-settled, with each contract representing $1 multiplied by the fund. It will be rebalanced quarterly to reflect market changes, with MarketVector as the official index provider.

Coinbase CEO Brian Armstrong sees the index as part of the company’s plan to become an “everything exchange.” Coinbase recently rebranded its wallet as “Base app,” aiming to offer a platform combining a crypto wallet, trading, payments, social media, and messaging. Trading activity on Coinbase’s derivatives platform has been strong, with daily volumes exceeding $5 billion consistently.

Kraken launched its NinjaTrader crypto derivatives platform on July 15, following a $1.5 billion acquisition. This move aligns with Kraken’s goal of offering US customers access to traditional derivatives markets, positioning itself as a comprehensive trading platform. Coinbase and Kraken’s expansion into derivatives signals a growing interest in crypto futures trading.

Read more at Cointelegraph: Coinbase To Launch Futures Index Mixing Crypto, Tech Stocks