Coinbase, the largest cryptocurrency exchange in the United States, is launching stock index futures structured as perpetual futures.

According to a recent report by The Block, Coinbase will list a Tech100 (TEK) contract tracking the top 100 Nasdaq-listed companies, along with three themed contracts focused on AI, defense and China.

Investors will be able to trade them from June 8 through Coinbase Derivatives under oversight of the U.S. Commodity Futures Trading Commission (CFTC). The Coinbase products can be traded 24 hours a day with no expiry.

The China10 (CHN) contract tracks the top 10 large or liquid American depositary receipts (ADRs) of Chinese companies listed on Nasdaq and the New York Stock Exchange. It includes Alibaba, Baidu and JD.com.

The AI10 index tracks companies that generate more than 50 percent of revenue from AI infrastructure, data and applications. It includes Nvidia, Microsoft, Amazon, Alphabet, Meta, Oracle and Palantir.

Defense10 covers companies tied to the defense industry. Some companies overlap across the indexes, with Alibaba included in both the AI and China indexes and Palantir included in both the AI and defense indexes.

Coinbase has rapidly expanded its derivatives business over the past year. It launched crypto perpetual futures in July 2025 and in March introduced stock futures for large-cap shares such as Apple, Microsoft, Nvidia and Tesla.