Coinbase launches perpetual futures contracts for gold and silver, open to eligible non-US traders.

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According to a report by TechFlow on May 6th, Coinbase has launched perpetual gold futures (GOLD-PERP) and perpetual silver futures (SILVER-PERP) to eligible non-US institutional and retail traders. Trading is available in supported regions through the Coinbase International Exchange, coinbase.com, and the Coinbase App.

Both products are linear perpetual contracts referenced to one troy ounce of gold or silver, settled in USDC, and support 24/7/365 trading with leverage up to 25x. Coinbase also stated that it is working with the CFTC to move its gold and silver futures trading in the United States to 24/7.

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