Coinbase Launches Gold and Silver Perpetual Futures for Eligible Non-U.S. Traders

According to an official announcement, Coinbase has launched gold perpetual futures (GOLD-PERP) and silver perpetual futures (SILVER-PERP), available to eligible non-U.S. institutional and retail traders. These products are tradable in supported regions via the Coinbase International Exchange, coinbase.com, and the Coinbase App. Both products are linear perpetual contracts referenced to the spot price of one troy ounce of gold or silver, settled in USDC, and support 24/7/365 trading with up to 25x leverage. Coinbase also stated that it is working with the U.S. Commodity Futures Trading Commission (CFTC) to transition its gold and silver futures offerings in the United States to 24/7 trading.