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2d ago

Coinbase to List Perpetual-Style Equity Index Futures on June 8

The cash-settled contracts use hourly funding-rate mechanics for round-the-clock trading and are being offered first to institutions on a CFTC-regulated exchange to provide capital-efficient thematic exposure.

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Traders get ai, defense, and china perp futures on coinbase starting june 8
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Overview

  • Coinbase Derivatives will list four MarketVector-backed perpetual-style equity index futures — AI10, China10, Defense10, and Tech100 — on June 8, with an institutional-first rollout.
  • Perpetual-style means the contracts have no fixed expiry, trade 24/7, and use hourly funding payments to keep futures prices aligned with their underlying MarketVector indexes.
  • The contracts are cash-settled, represent 1x of each index, and qualify for 60/40 tax treatment under U.S. rules so 60% of gains get long-term rates and 40% short-term rates.
  • Coinbase pitches these products as capital-efficient instruments that may allow cross-margining with crypto collateral, but the launch’s success depends on seeded liquidity and how regulators treat the structure over time.
  • The move continues Coinbase’s push beyond crypto derivatives and builds on MarketVector’s index rules — for example, AI10 requires firms to derive at least half their revenue from AI-related products or services.