Coinbase takes a bold step to a new area with advertisement One of the cruise contracts for the Mag7 + Crypto stock index, which is scheduled to be launched on September 22. The new product first is historically in the American derivative market by providing simultaneous exposure to investors for all of the “wonderful” technology shares 7 and the leading cryptocurrencies.
“We are launching the first American future contracts exposed to the shares of Tech Tech and Crypto at the same time,” He said Brian Armstrong, CEO of Coinbase. “We will launch more products like this as part of Excination Exchange. Coming on September 22.”
The first unique product
So far, no derivative in the American list has provided exposure to shares and cryptocurrencies in one decade. Coinbase derivatives describe new futures as a “A variety of capital“ Designer to serve investors looking for innovation, multi -asset products.
Contracts are placed to address three basic needs:
- Theme exposure to innovation and growth: capture the performance of transformational technology leaders and original Blockchain.
- Diversification in a unified productR.Provide exposure across the assets that have been traditionally circulated separately.
- Strategic risk management: Providing new ways to hedge from governor against the risks of multiple assets.
Inside Crypto Mag7 +
The MAG7 + Crypto stock index is weighting evenly over ten ingredients:
- Magnificent 7 Stocks: Apple (AAPL), Microsoft (MSFT), Alphabet (Googl), Amazon (Amzn), NVIDIA (NVDA), Meta (Meta), Tesla (TSLA)
- Coinbase (currency) stock
- ISHARES BITCOIN TRUST ETF (IBIT) and ISHARES ETAREM TRUST ETF (Etha)
Each of the ten assets will carry a 10 % weighting, with the index balance every three months to reflect market changes. Marketvector has been named as an official index.
Trading details
Mag7 + Crypto Equity Index will be monthly futures, and to settle money. Each contract represents 1 x x the index, which means that if the index is priced at $ 3,000, the default value of the contract will be $ 3000.
Coinbase says more details will be released about access to partners ’platforms soon, with the expansion of their planned retail investors in the coming months.
This step sheds light on the constant coinbase effort to expand beyond the offers of one assets into broader and multi -asset derivatives. By blocking stocks and digital assets, Coinbase aims to place a unique location in the advanced American derivative market, and attractive to investors who are increasingly looking for products at the intersection of traditional financing and innovation of encryption.
The post Coinbase To Launch Mag7 + Crypto Equity Index Futures On Sept 22, Featuring Apple, Tesla, And Bitcoin Exposure first appeared on Investorempires.com.
