### Bridging Traditional and Digital Markets: Coinbase’s New Futures Contracts

May 22, 2024

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Coinbase Derivatives Launch New Futures Contracts


Coinbase Derivatives has announced the launch of new futures contracts for oil and gold beginning June 3rd. These contracts aim to enhance trading opportunities in traditional markets.


Coinbase Derivatives revealed their upcoming futures contracts for oil and gold, expanding beyond their existing crypto derivatives offerings. The move signifies a strategic shift towards diversification and catering to a wider range of traders.

Main Points

The new futures contracts for oil and gold are aimed at providing enhanced trading options in conventional markets. Coinbase Derivatives, a CFTC-licensed entity, has already enabled futures trading for cryptocurrencies like bitcoin, ether, bitcoin cash, litecoin, and dogecoin. These new contracts will be based on 10 barrels of oil and 1 troy ounce of gold, offering a different asset class for investors.

In addition to the introduction of oil and gold futures, Coinbase is focusing on increasing liquidity and market share in the derivatives market. The exchange has recently added perpetual futures contracts and plans to introduce monthly cash-settled futures for dogecoin, litecoin, and bitcoin cash. The move aligns with the industry trend of traditional financial institutions venturing into crypto trading.

While Coinbase is not the first to offer commodities futures in the crypto space, the launch of oil and gold futures positions them as a significant player in bridging the gap between traditional and digital asset markets. With competitors like FTX previously offering futures for commodities, Coinbase’s expansion showcases their commitment to innovation and market growth.


The introduction of oil and gold futures by Coinbase Derivatives marks a strategic move to diversify their product offerings and attract a wider range of traders. By tapping into traditional markets with these new contracts, Coinbase is poised to strengthen its position in the derivatives space and continue driving innovation in the cryptocurrency trading landscape.