Coinbase Launches Perpetual Gold, Silver Futures With 24/7 Trading

Coinbase Global Inc., the largest cryptocurrency exchange in the US, has launched gold and silver derivatives.

In a post on its official blog on May 6, Coinbase said it introduced perpetual futures linked to gold and silver for eligible traders outside the US. The products are available through Coinbase International Exchange and the Coinbase app.

The contracts are structured as perpetual futures, with no expiration date or rollover requirement. All settlement and profit and loss are handled in USDC, the stablecoin. Unlike traditional financial markets, the products trade 24 hours a day, 365 days a year.

Coinbase is also seeking to expand the service to eligible US investors. The company is working with the Commodity Futures Trading Commission to move gold and silver futures listed on Coinbase Derivatives Exchange to a 24-hour trading model.

"Gold and silver are a cornerstone of the global financial system and among the most widely traded assets," Coinbase wrote. It said it aims to build an integrated trading environment across traditional and digital assets by improving access through crypto infrastructure and maximizing capital efficiency.