Coinbase Global Inc. (NASDAQ: COIN) launched gold and silver perpetual futures for eligible traders outside the United States, according to a company statement. The products are available through Coinbase International Exchange for institutions and through coinbase.com and the Coinbase app for retail traders in supported jurisdictions.

The new derivatives include GOLD-PERP, a linear perpetual future referencing spot one troy ounce of gold, and SILVER-PERP, a linear perpetual future referencing spot one troy ounce of silver. Both products are USDC-settled with profit and loss realized directly in USDC.

The perpetual futures offer 24/7 trading excluding scheduled maintenance, with up to 25x maximum leverage. The products have no expiry or rollover requirements and are designed for low minimum order sizes.

For US traders, Coinbase said it is working with the Commodity Futures Trading Commission to enable 24/7 trading for gold and silver futures on Coinbase Derivatives, a CFTC-regulated Designated Contract Market. These futures are currently available through approved Futures Commission Merchants and broker platforms during standard market hours.

The company reported that Coinbase Derivatives processed over $52 billion in notional volume across traditional commodity futures in the first quarter of 2026, representing 7.6% of all contracts traded that quarter.

Coinbase previously launched stock perpetual futures and equity index futures as part of its strategy to offer traditional financial assets alongside cryptocurrency products. The global gold market is estimated at more than $13 trillion, while silver is valued at approximately $1.4 trillion, according to the company statement.