TechFlow, Sept. 3 — According to The Block, cryptocurrency exchange Coinbase announced the launch of a new futures index trading product. Named the "Mag7 + Crypto Stocks Index Futures," it will officially go live on September 22.
The report states this is Coinbase's first offering on its U.S. derivatives platform that goes beyond single-asset trading. The new index product combines top tech stocks with BlackRock’s spot Bitcoin and Ethereum ETFs, using an equal-weight methodology where each of the 10 components accounts for 10% of the index. Constituents include Coinbase stock, Apple, Microsoft, Alphabet (Google's parent company), Amazon, NVIDIA, Meta, Tesla, and BlackRock’s Bitcoin and Ethereum ETFs.
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