Coinbase launches gold and silver perpetual futures with USDC settlement and up to 25x leverage for non-U.S. traders.

Coinbase has introduced gold and silver perpetual futures for eligible traders outside the U.S., allowing exposure to precious metals through crypto-based infrastructure. These contracts settle in USDC, reference one troy ounce, and offer up to 25x leverage for gold and 20x for silver. The move aligns with Coinbase's strategy to integrate traditional commodities with crypto trading, providing continuous 24/7 trading access and smaller contract sizes to lower barriers for retail and institutional traders. Coinbase is also working to enable 24/7 trading of U.S. metals futures, which could enhance market accessibility and continuous price discovery.