Coinbase To Launch Futures Index Mixing Crypto, Tech Stocks

Coinbase To Launch Futures Index Mixing Crypto, Tech Stocks
Coinbase To Launch Futures Index Mixing Crypto, Tech Stocks

Crypto Excination Coinbase has been set to launch a future product that tracks Top Us Tech and the money traded in coding and its own shares to provide shares and encryption in one decade.

Coinbase derivatives He said On Tuesday, Mag7 + Crypto Equity Index will launch on September 22, which will track the “wonderful 7” technology stocks from Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta and Tesla, along with Bitcoin’s Blackrock (BTC) and Eter (ETH) ETFS and Coinbase.

“From a historical point of view, there was no derivative in the American list that provides access to both the coded and coexal currencies within a future product,” adding that its index would give exposure to “asset classes that were traditionally traditionally circulated.”

It represents the first step for Coinbase’s main derivatives since Deribit has previously acquired the largest encryption options and futures for futures – for $ 2.9 billion in May. The size of the coding derivatives rose 132 % year -old last year, and 2025 on the right path to this number with the first two quarter they see more than $ 20 trillion.

Retailing merchants to wait for the arrival

Each component in the upcoming Coinbase will be weighted evenly 10 %, with institutional customers at Excination first reaching the product.

Details of access to trading will be announced through partners ’platforms soon, with Coinbase planning to make the product available for retail users in the coming months.

The index will be dealt with as independent, cash contracts, with each contract representing $ 1 multiplied by the box.

Division of the customization of the Mag 7 + Crypto Equity Indust Futures. source: Coinbase

Coinbase said every quarter will be balanced to reflect any changes in the market, as Marketvector works as an official index.

The index is part of the “Everything Apply Plan”, the CEO says

“We’ll launch more products like this as part of every EVEYTHING Exchange,” said Brian Armstrong, CEO of Coinbase to X on Tuesday.

In the middle of July, the company first appeared in its plans to become a “application of everything”, which renames Coinbase as a “basic application” with the aim of creating a platform that combines encryption, trade, payments, social media and messages.

It comes amid a rise in commercial activity on the Coinbase derivative platform, with daily sizes Override 5 billion dollars during the past month.

Related to: Bitcoin trading checkers in Bitcoin are likely to $ 119,000

On August 25, trading reached 9.9 billion dollars – the strongest day of the platform since June 5, as Coinbase data appears.

Daily change in the size of daily derivative trading since June 5. Source: Coinbase

Kaken competitor makes derivatives betting

Kraken launched the Crypto derivative platform, Ninjatrader, on July 15, after it acquired the company four months ago.

Kraken said that the deal will allow its customers in the United States to access traditional derivative markets, as it is in line with its broader goal of becoming one platform for all types of trading.

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