Coinbase Launches Round-the-Clock Gold and Silver Futures
- Coinbase Derivatives logged over $52 billion in commodity futures volume in Q1 2026.
- The CFTC cleared Coinbase on June 11 as the first futures commission merchant (FCM) offering U.S. traders access to global crypto perpetual futures.
- Coinbase introduced 24/7 trading for gold and silver futures, a first for U.S. markets, announced on June 13 by CEO Armstrong.
- The new contracts are designed to be capital-efficient with small order sizes and risk-management controls.
- Non-U.S. users can trade GOLD-PERP and SILVER-PERP perpetual futures settled in USD Coin (USDC) with up to 25x leverage.
Coinbase’s move into round-the-clock metals trading marks a significant shift from traditional commodity markets, which typically pause overnight and on weekends. This development aligns with the demand for continuous market access that crypto traders expect, reflecting broader trends towards always-on financial products.
The introduction of these new trading options is part of Coinbase’s strategy to become an “Everything Exchange,” integrating various asset classes under one platform while addressing barriers present in legacy contract markets.(Source)
