Coinbase Derivatives is set to launch Mag7 Crypto Equity Index Futures on September 22, offering traders a new way to gain exposure to key tech equities linked to the cryptocurrency market. The Mag7 index focuses on seven prominent technology companies: Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla, with CF Benchmarks acting as the index calculation agent. Each futures contract will correspond to one one-hundredth of the index’s value. This offering will be available on Coinbase’s CFTC-regulated derivatives exchange, which currently provides bitcoin and ether products. The initiative expands Coinbase's product lineup beyond traditional crypto markets at a time when derivatives trading is becoming increasingly popular. Unlike token markets that face scrutiny from the SEC, products like the Mag7 futures are regulated under the CFTC, which is known to be more accommodating toward crypto-linked derivatives. This launch continues Coinbase's momentum following their recent approval to offer bitcoin and ether futures to US retail traders, reinforcing its position in the evolving digital asset derivatives landscape.

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