Better

Gold

<ul> 
 <li>Coinbase Derivatives said that the new product would be available beginning June 3rd.</li> 
 <li>The new contracts are designed to provide better trading possibilities in conventional markets.</li> 
</ul> 
Futures contracts for oil and gold on a retail scale will soon be available on <a href="https://thenewscrypto.com/coinbase-to-enter-australias-pension-sector-with-crypto-offerings/" target="_blank" rel="noreferrer noopener">Coinbase</a> Derivatives. Moreover, the exchange said on Tuesday that the new product would be available beginning June 3rd. 
The firm stated: 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 “While crypto derivatives remain at the core of our business, we’re excited to announce the launch of new futures contracts for oil and gold.” 
</blockquote> 
<h3 class="wp-block-heading" id="h-better-trading-possibilities-in-conventional-markets">Better Trading Possibilities in Conventional Markets</h3> 
The statement went on to say that users of Coinbase Derivatives—a business licensed by the <a href="https://thenewscrypto.com/cftc-commissioner-highlights-concerns-over-ai-risks-in-defi/" target="_blank" rel="noreferrer noopener">CFTC</a>—are already able to purchase futures for <a href="http://bitcoin.org" target="_blank" rel="noreferrer noopener nofollow">bitcoin</a>, ether, bitcoin cash, litecoin, and dogecoin. According to Coinbase, the new contracts are designed to provide better trading possibilities in conventional markets. Thus, they are scaled at 10 barrels of oil and 1 troy ounce of gold. 
The crypto exchange hinted in March that dogecoin, litecoin, and bitcoin cash will soon have monthly cash-settled futures contracts. Chief Financial Officer Alesia Haas said on an earnings call earlier this month that the business is concentrating on generating liquidity, developing market share, and truly establishing themselves. Coinbase, the primary exchange, included 15 so-called perpetual futures this year as part of its derivatives launch. 
According to Lau, traders will find Coinbase Derivatives more appealing because of the impending oil and gold futures. Along with their current variety of commodities futures, more and more conventional financial organizations like <a href="https://www.blackrock.com/corporate/global-directory" target="_blank" rel="noreferrer noopener nofollow">BlackRock</a>, Fidelity, and VanEck have begun to provide crypto trading in traditional financial markets via exchange-traded funds in recent months. 
Coinbase is not the pioneer in the cryptocurrency exchange space to launch commodities futures. Prior to its bankruptcy in November 2022, FTX had established futures markets for a number of highly traded commodities, including crude oil and lumber. 
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Coinbase Derivatives Announces Launch of Oil and Gold Futures Trading

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