Coinbase Derivatives Lists Perpetual-Style Equity Index Futures on AI, China, Defense and Tech
Coinbase Derivatives announced four perpetual-style equity index futures in May 2026, tracking AI, China, defense and tech indexes, with launch set for June 14.
Coinbase announced on May 21, 2026 that Coinbase Derivatives would launch perpetual-style equity index futures on June 14. Coinbase says they are the first contracts of this kind listed on a US regulated exchange.
The four contracts
| Contract | Code | Underlying index | Focus |
|---|---|---|---|
| AI10 | AIP | MarketVector US Listed AI 10 Index | Top 10 US-listed companies earning at least half their revenue from AI |
| China10 | CHN | MarketVector US Listed China 10 Index | Top 10 Chinese companies listed in the US through ADRs |
| Defense10 | DEF | MarketVector US Listed Defense 10 Index | Top 10 US-listed aerospace and defense companies |
| Tech100 | TEK | MarketVector US Listed Innovators 100 Index | 100 large Nasdaq-listed companies |
The three 10-stock indexes cap any single company at 15% and rebalance every quarter. The Tech100 index has no weight cap.
How they work
The contracts are cash-settled and use a funding mechanism to keep the futures price close to the index, like crypto perpetuals. Each contract equals 1x its index, so with the Tech100 index at $4,000, one contract has a notional value of $4,000. They trade around the clock on a CFTC-regulated exchange.
As futures, Coinbase notes they may qualify for 60/40 tax treatment in the US, which can differ from how stocks and ETFs are taxed. Users should check with a tax adviser.
Who can trade
At launch the contracts were offered through Coinbase's partner platforms, with retail access planned for the following months. The announcement page lists June 14 in its title and summary, though one heading shows June 8, so traders should confirm the start date with Coinbase Derivatives.
Source: Official exchange announcement
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