Coinbase Derivatives launches futures trading for index that combines exposure to both top stocks and crypto-based ETFs. The new product is called Mag7 + Crypto Equity Index Futures and will be available later this month. The Mag7 index references Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta and Tesla, with CF Benchmarks, a Kraken subsidiary, serving as the index calculation agent. Each futures contract will represent one one-hundredth of the index’s value.