Coinbase launches Gold and Silver perpetual futures trading
Coinbase (COIN) announced on Wednesday that Gold (XAU) and Silver (XAG) perpetual futures contracts have been listed for trading. The offering, which will be available around the clock to both institutional and retail traders, is available to eligible non-US traders.
Coinbase lists Gold and Silver futures with 25x maximum leverage
Coinbase stated in the press release that the Gold and Silver “derivatives are designed to make 24/7 commodity exposure as accessible and capital‑efficient as trading crypto perps.”
GOLD-PERP is a linear perpetual futures contract referencing spot 1 troy ounce of the yellow metal. Similarly, SILVER-PERP is a linear perpetual futures contract referencing 1 spot troy ounce of Silver.
Perpetual contracts do not have an expiry or rollover and are settled in USDC. The profit and loss (PnL) on these contracts is realized directly in USDC.
Traders will have up to 25x maximum leverage, with institutional-grade risk controls. Perpetual futures are also designed to lower the barrier to entry, with low minimum order sizes that allow traders to scale in and out around macro events.
Coinbase said it is working with the Commodity Futures Trading Commission (CFTC) to enable round-the-clock trading and align with the nature of crypto markets.
Coinbase is a leading cryptocurrency exchange in the United States (US), with daily trading volume of over $2 billion, according to CoinGecko data.
Gold and Silver Price rebound
Gold prices rebounded on Wednesday, reaching highs above $4,700, amid optimism that the US and Iran were making “great progress” toward a final peace agreement, said US President Donald Trump. Silver price also showed strength, rebounding above $77.
Meanwhile, President Trump has temporarily paused “Project Freedom,” a military-led mission launched by the government on Monday to restore traffic in the Strait of Hormuz by breaking the Iranian blockade.
As the market digests these advances, the interplay between geopolitical developments and risk sentiment will continue to shape price action for both Gold and Silver.
