Cryptocurrency exchange Coinbase has launched new futures contracts for users in Europe. The rollout provides access to both crypto and traditional market exposure through regulated products.

The offering is Coinbase’s first under its MiFID II licence, reported in January this year, obtained through the acquisition of BUX Cyprus. Its CySEC-regulated entity allows the exchange to offer over-the-counter derivatives across the European Economic Area. The contracts are available to Coinbase Advanced users in 26 countries, including Germany, France, and the Netherlands.

Crypto, Magnificent Seven Stocks Combined Futures

The new lineup includes crypto futures tied to Bitcoin and other digital assets. Coinbase also introduced an equity-index product called the Mag7 + Crypto Equity Index Futures.

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The contract combines exposure to the so-called Magnificent Seven stocks—Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla—with crypto-linked equities and BlackRock iShares exchange-traded funds tied to BTC and Ether.

Traders Access Up To 10x Leverage

Coinbase has launched two types of cash-settled futures contracts. One type is perpetual-style futures with five-year expiries. The other type includes dated contracts with monthly or quarterly expiries. Traders can access up to 10x leverage on select crypto-denominated contracts and equity indices, and up to 5x leverage on other products. Fees start at 0.02% per contract.

Exchanges Expand European Crypto Derivatives Offerings

Coinbase’s launch comes as several other crypto exchanges expand into Europe with derivatives offerings. Kraken acquired a Cyprus-based entity and began offering crypto derivatives under a MiFID II licence last year. Other firms with European crypto licences include Crypto.com and OKX, while Gemini is seeking a licence from Malta. The licences also permit these exchanges to offer CFDs.