Coinbase launches thematic perpetual contracts for AI, China, and US security sectors
Coinbase is launching four new perpetual-style equity index futures contracts on June 8, tracking AI, US defense, Chinese ADRs, and Nasdaq’s top 100 companies, using MarketVector indexes. These contracts allow traders to gain exposure to sectors like Nvidia, Microsoft, and Alibaba without expiration dates, enabling 24/7 trading and cross-margining with crypto positions.
Coinbase will introduce four perpetual-style equity index futures contracts starting June 8, covering artificial intelligence, US defense, Chinese ADRs, and Nasdaq’s top 100 companies. The contracts—AI10, Defense10, CHN, and TEK—are based on MarketVector indexes, which track the 10 largest firms in each sector (except TEK, which covers 100 companies). Traders can access exposure to companies like Nvidia, Microsoft, and Alibaba through a crypto-native platform, with no fixed expiration dates. The AI10 index follows the 10 largest US-listed companies generating meaningful AI revenue, while Defense10 bundles the top 10 aerospace and defense firms. The CHN index tracks the most liquid Chinese ADRs listed in the US, and TEK covers Nasdaq’s 100 largest companies. These perpetual contracts eliminate rollover costs and allow 24/7 trading, unlike traditional equity markets. Coinbase’s move leverages MarketVector’s established indexes, reducing selection bias, and enables cross-margining for crypto holders. Traders can use existing crypto positions as collateral for equity index trades, streamlining access to these thematic sectors. The contracts are designed for continuous trading, removing the need for timed rollovers and providing liquidity beyond standard market hours. This expansion aligns with Coinbase’s push to integrate crypto and traditional finance, offering institutional-grade exposure to high-growth sectors.
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