Coinbase launches thematic perps for AI, China ADRs, and US defense — live June 8!

Coinbase is expanding its derivatives suite with four new perpetual-style equity index futures, set to go live on June 8 via Coinbase Derivatives under CFTC oversight. Alongside a broad Tech100 (TEK) contract tracking the top 100 Nasdaq-listed firms, the exchange is adding three thematic contracts built on MarketVector indexes: AI10 (AI infrastructure and applications), Defense10 (US national security), and China10 (top Chinese ADRs on US exchanges).

The AI10 index requires constituent companies to derive at least 50% of revenue from AI infrastructure, data, or applications — pulling in names like Nvidia, Microsoft, Amazon, Alphabet, Meta, Oracle, and Palantir. The China10 contract tracks the ten largest or most liquid ADRs representing Chinese firms, including Alibaba, Baidu, and JD.com. There is notable overlap: Alibaba appears on both the AI and China indexes, while Palantir sits on…