How Coinbase Derivatives Launches 24/7 Thematic Equity Futures with Pyth and MarketVector
Coinbase Derivatives launches four thematic equity index futures (AI10, Defense10, China10, Tech100) built on the Pyth × MarketVector framework, bringing index-based products into 24/7 markets.
Products
Indices
Challenge
Demand for thematic and sector-based investment products continues to grow, but traditional benchmark construction was built for limited market hours and legacy infrastructure. Bringing benchmark-based products to market requires institutional benchmark governance, transparent methodology, and reliable pricing infrastructure. Building each of these capabilities in-house adds significant operational complexity and slows time to launch.
Solution
Coinbase Derivatives adopted the Pyth × MarketVector index framework to launch four thematic equity index futures: AI10, focused on leading publicly traded artificial intelligence companies, Defense10, offering defense and aerospace exposure, China10, providing concentrated Chinese equity exposure, and Tech100, covering a broad set of U.S. technology stocks. In this framework, MarketVector delivers index methodology design, governance, administration, and benchmark oversight, while Pyth supplies the underlying market data and continuous pricing infrastructure, enabling a new class of index-based products built for modern, always-on trading environments.
Impact
Institutional-Grade Benchmarks: Products are built using established governance and benchmark standards.
Thematic Market Access: Traders gain exposure to high-demand sectors through transparent index products.
Continuous Pricing Infrastructure: Benchmarks are supported by pricing systems designed for around-the-clock markets.
Scalable Product Expansion: Additional thematic and custom baskets can be introduced using the same framework.
Success Stories
RWAs
How SGX FX Anchors Global Liquidity with Institutional Benchmarks via Pyth
CEX
How BitMEX Built Its RWA Derivatives Stack with Pyth Pro X
CEX
How Coinbase Scales Multi-Asset Infrastructure with Pyth Pro X
Infrastructure
How Euronext FX Sets the Global Standard for Programmable Currency Data
Wallet
How Morpho vaults use Pyth for secure lending
Borrow-Lending
How HypurrFi accelerates yield with Pyth
