Coinbase Plans to Launch Gold and Oil Futures Trading Feature
Coinbase has announced that it will be launching retail-sized futures contracts for oil and gold on June 3rd through its derivative platform.
While their main focus remains on crypto derivatives, the company is excited to expand their product offerings to include traditional markets.
The new contracts for oil and gold will be regulated by the CFTC and will join the existing options for bitcoin, ether, litecoin, and dogecoin futures.
These new futures contracts, which will be sized at 10 barrels of oil and 1 troy ounce of gold, will provide customers with greater trading opportunities in traditional markets.
This announcement comes after Coinbase had previously shared plans to launch cash-settled futures contracts for dogecoin, litecoin, and bitcoin cash.
