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Coinbase debuts thematic perps logging China, AI and US national security equity indexes

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Coinbase introduces thematic perps tracking China, AI and US national security equity indexes.

Coinbase is rolling out a set of perps-like equity index futures, according to an announcement on Thursday.

Key facts

Summary

The contracts will be available for trading beginning June 8 via the Coinbase Derivatives, which is overseen by the U.S. Commodity Futures Trading Commission. According to the announcement, the thematic contracts are based on MarketVector’s existing US Listed AI 10, US Listed Defense 10, and US Listed China 10 indexes. The China10 (CHN) contract will track the top 10 largest or most liquid American Depositary Receipts (ADRs) representing shares of Chinese companies listed on exchanges like Nasdaq and NYSE. MarketVector’s AI10 index is built to track businesses that derive at least 50% of their revenue from AI infrastructure, data, and applications, including Nvidia, Microsoft, Amazon, Google-parent Alphabet, Meta, Oracle, and Palantir, among others.

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