Coinspeaker
Coinbase Derivatives to Launch Oil and Gold Futures Contracts
American publicly traded exchange Coinbase Global Inc (NASDAQ: COIN) through its Derivatives outfit is expanding its services beyond regular crypto trading by delving into the oil and gold sector.
The offering will be offered through Coinbase Derivatives with plans to officially launch its retail-sized futures contract for oil (NOL) and gold (GLD) by June 3. Consequently, these will join the existing list of Commodity Futures Trading Commission (CFTC)-regulated crypto futures on the platform.
Coinbase Derivatives Expands to Oil and Gold
Before now, Coinbase offered futures contracts on Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC) and even dog-themed memecoin Dogecoin (DOGE). The Coinbase Derivatives decision to list oil and gold futures contracts is a significant pivot for the crypto exchange and industry at large.
In its announcement, the Brian Armstrong-led firm confirmed that
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