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Coinbase Derivatives Expands Futures Offering to Include Oil and Gold

TL;DR: On June 3rd, Coinbase Derivatives, a CFTC-regulated futures exchange, will launch retail-sized futures contracts for oil and gold. New products to complement the existing complex of CFTC-regulated crypto futures on BTC, ETH, BCH, LTC, and DOGE.

By Boris Ilyevsky


, May 16, 2024

, 2 minutes read time


At Coinbase Derivatives, we're committed to democratizing access to financial markets and providing our users with innovative trading opportunities within a regulated framework. While crypto derivatives remain at the core of our business, we're excited to announce the launch of new futures contracts for oil (NOL) and gold (GOL) on June 3rd. 

Our main objective in introducing new futures contracts is to provide diversified markets that facilitate price discovery and risk management. 

Enhanced Trading Opportunities

After launching Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and Dogecoin futures, we have noticed increasing demand for retail-focused products on an accessible and regulated exchange. Therefore, we are thrilled to extend these benefits to gold and oil futures and provide investors with cross-hedging opportunities across asset classes. 

The new contracts, sized at 10 barrels of oil and 1 troy ounce of gold, aim to offer enhanced trading opportunities in traditional markets. Like our crypto futures, these contracts empower traders to capitalize on price movements and hedge their existing holdings, catering to seasoned investors and retail enthusiasts.

Bridging Traditional Finance and Digital Assets

We believe that offering our participants access to futures on traditional commodities like oil and gold, alongside crypto commodities is a natural expansion of our product suite. We're eager to see these contracts mature and the liquidity they will bring to retail and institutional investors in a regulated manner.

Stay tuned to find out when these contracts will be available to trade on our partner platforms.

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