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Coinbase has expanded its derivatives lineup with gold futures and silver contracts, giving eligible traders access to precious metals through a crypto-native market structure. The move adds traditional store-of-value assets to a platform already built around nonstop trading.
Gold and silver perpetual futures now live
Eligible traders outside the US can now trade gold and silver perpetual contracts on Coinbase. Institutions can access them through Coinbase International Exchange, while retail traders can use coinbase.com and the Coinbase app in supported jurisdictions.
Moreover, the new products are designed for 24/7 commodity exposure with capital efficiency similar to crypto derivatives. GOLD-PERP tracks the spot price of 1 troy ounce of gold, while SILVER-PERP references 1 troy ounce of silver.
Both products are perpetual, so they have no expiry or rollover. In addition, PnL is realized directly in USDC, and traders can use 24/7/365 access, excluding scheduled maintenance, low minimum order sizes and up to 25x maximum leverage.
That said, Coinbase also frames the launch as part of a broader push toward an