Coinbase perps-style index futures for Tech, AI, Defense, China

Coinbase will begin listing perpetual-style equity index futures — Tech100 (TEK) and three MarketVector thematic contracts, AI10, Defense10 and China10 — for trading on June 8 via Coinbase Derivatives, a platform regulated by the U.S. Commodity Futures Trading Commission.

The contracts are perpetual-style futures that use funding rates to keep contract prices close to their underlying indexes while allowing round-the-clock trading. Tech100 will track the largest 100 Nasdaq-listed companies. The thematic contracts are based on MarketVector indexes named US Listed AI 10, US Listed Defense 10 and US Listed China 10.

MarketVector's AI10 targets companies that derive at least 50 percent of their revenue from AI infrastructure, data and applications. Its components include Nvidia, Microsoft, Amazon, Alphabet, Meta, Oracle and Palantir.

Defense10 covers firms tied to national security and defense-related activities. China10 will track the ten largest or most liquid American Depositary Receipts for Chinese companies listed on U.S. exchanges, including Alibaba, Baidu and JD.com.

Indexes may share constituents; Alibaba appears in both the AI and China indexes, and Palantir is listed on AI10 and Defense10.

Coinbase expanded its derivatives products over the past year. It introduced select perps-style crypto futures in July 2025, launched single-stock and index futures for large U.S. equities earlier this year and released a Mag7 + Crypto Equity Index Futures product that pairs seven major stocks with spot Bitcoin and Ethereum ETFs.

Perpetual-style contracts do not have a fixed expiry date. Periodic funding payments between long and short holders are used to align contract prices with the underlying index.

Trading for the new contracts will begin June 8 on Coinbase Derivatives. The platform operates under CFTC oversight and will make the contracts available to eligible users.