Coinbase Introduces Precious Metals Derivatives for Global Traders

Coinbase has expanded its derivatives offering with the launch of gold and silver perpetual futures for eligible non-US traders. These products allow traders to access precious metals markets through crypto-style derivatives, providing a new way to gain exposure to these assets.

The perpetual futures contracts, GOLD-PERP and SILVER-PERP, are settled in USDC and offer up to 25x leverage. This means that traders can gain larger market exposure with less upfront capital, but it also raises risk.

Coinbase is also working towards 24/7 trading of regulated U.S. metals futures, aiming to move these products away from the current 23/5 market structure. This change would bring regulated U.S. commodity futures closer to crypto's always-on model.