What are Mag7 + Crypto Equity Index Futures?
Mag7 + Crypto Equity Index Futures (MC) are cash-settled futures contracts listed by Coinbase Derivatives, LLC (CDE) that track a 10-component, equal-weighted index combining:
The Magnificent 7 stocks,
Coinbase Global, Inc. stock (COIN), and
Two (2) US spot crypto ETFs (IBIT and ETHA).
Key features:
Diversified exposure: First US futures contract to bridge traditional equities and cryptocurrency ETFs in one contract.
Simple contract spec: Notional = $1 × index level; trades in quarterly expiries.
Quarterly rebalancing: Each component fixed at 10%.
This makes Mag7 + Crypto Equity Index Futures a capital-efficient way to access both equity and crypto markets through a single, CFTC-regulated instrument.
Contract | Product Code | Contract Size (~$ Notional) | Tick Size (Index Points) | Value per Tick Value (USD) |
Mag7 + Crypto Equity Index Futures | MC | $1 x MVM7P Index (~$3,000) | 0.25 | $0.25 |
What is the product code and contract size?
The product code is MC. Each contract equals $1 × the Mag7 Plus Crypto Equity Index (MVM7P or “Index”). Prices are quoted in index points.
What is the minimum tick size and tick value per contract?
The minimum tick is $0.25 per Index. Each tick equals $0.25 per contract.
What are the standard weekly trading hours?
Mag7 + Crypto Equity Index Futures trade Sunday through Friday, 6:00 PM ET – 5:00 PM ET, with a one-hour maintenance break daily from 5:00–6:00 PM ET Monday – Thursday.
How is the product settled?
Mag7 + Crypto Equity Index Futures are cash-settled in USD. There is no physical delivery of stocks or ETFs.
What is the listing and expiration schedule? How does the rolling listing cycle work for these quarterly contracts?
CDE lists the three (3) nearest quarterly months at all times. As one expires, the next quarterly contract is listed.
Which contract months are listed at launch?
The December 2025, March 2026, and June 2026 contracts are available.