Coinbase Derivatives Exchange to Launch Gold and Oil Futures
CryptoNewsTerminal Staff21 May, 2024
Coinbase Derivatives Exchange to Launch Gold and Oil Futures
Coinbase Derivatives Exchange is set to launch Gold (GLD) and Oil (NOL) futures products on June 3rd. The exchange cited “increasing demand for retail-focused products following the launch of its Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and Dogecoin futures.” Coinbase Derivatives Exchange is a regulated futures exchange and clearinghouse that provides access to futures contracts on digital assets. The exchange is a wholly-owned subsidiary of Coinbase Global, Inc., a leading cryptocurrency exchange. The launch of Gold and Oil futures on Coinbase Derivatives Exchange will provide investors with a new way to trade these commodities. Gold and Oil futures are contracts that allow investors to buy or sell a certain amount of the underlying asset at a specified price on a future date. The addition of Gold and Oil futures to Coinbase Derivatives Exchange is a significant development for the cryptocurrency exchange. It shows that Coinbase is committed to expanding its offerings and providing investors with access to a wider range of trading products.
