Coinbase has taken another step beyond crypto: it’s launched 24/7 trading for U.S.-regulated gold and silver futures on its Coinbase Derivatives Exchange, letting eligible U.S. traders buy and sell precious metals nearly any day of the year — including weekends and holidays.
Key facts
- Product: U.S.-regulated gold and silver futures traded around the clock on Coinbase Derivatives Exchange
- Contract sizes: 1 troy ounce of gold and 50 troy ounces of silver
- Accessibility: Available to eligible U.S. traders through participating brokers such as Interactive Brokers and NinjaTrader
- Context: Extends Coinbase’s always-on market model from crypto into traditional commodities
Why it matters
Traditional precious-metals futures typically trade during set hours and pause for weekends and holidays. By offering continuous trading, Coinbase gives traders more time to react to economic reports, central bank moves, geopolitical events and other market-moving headlines. The company says always-on trading can improve price discovery and offer greater flexibility during volatile or uncertain periods — a hallmark of crypto markets that Coinbase is exporting to conventional finance.
How it fits Coinbase’s strategy
This launch is part of Coinbase’s broader effort to become an “Everything App.” Over the past two years the company has moved beyond spot crypto into derivatives, perpetual futures and stock-linked products. Adding regulated gold and silver futures brings traditional asset exposure onto Coinbase-linked infrastructure and broadens the firm’s product mix for U.S. customers.
A bridge from crypto-native to regulated products
Coinbase already offered gold and silver perpetual futures to eligible non-U.S. users — those crypto-native contracts settle in USDC. The new U.S. futures are regulated commodity contracts offered through the derivatives exchange, giving domestic traders an on-ramp to compliant precious-metals exposure. The smaller contract sizes could also lower the access barrier that has historically kept many metals futures in the institutional realm, opening a route for retail and professional traders alike.
Market context
Gold and silver remain major global stores of value: market estimates value gold at more than $13 trillion and silver above $1 trillion. Demand has stayed firm amid inflation concerns, central bank buying and geopolitical tensions — conditions that make around-the-clock access to the markets attractive for some traders.
Coinbase CEO Brian Armstrong framed the move as another step toward bringing crypto’s always-open trading model into traditional finance — a trend the company says will continue as it expands its derivatives and commodities offerings. For traders, the most immediate change is timing: they no longer need to wait for normal market sessions to reopen to manage metal exposure.
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