Coinbase Derivatives is moving its US-regulated gold and silver futures to around-the-clock trading effective Friday evening, the first time these CFTC-registered contracts will not close for weekends.

Coinbase Institutional said Friday afternoon the US commodities futures market “just changed forever.” The main Coinbase account added that oil and more commodities will follow. Coinbase Derivatives, a CFTC-registered Designated Contract Market, lists gold futures at one troy ounce and silver futures at 50 troy ounces, accessible via a network of futures commission merchants and broker platforms including Interactive Brokers, Webull, and Wedbush.

The Market-Structure Shift

US commodity futures have long followed set trading-session windows that closed on weekends. Under the new schedule, traders will be able to respond to geopolitical developments, central bank announcements, and macro data releases that drop outside regular hours without waiting for Monday’s open.

The change arrives as a competing market operator moves in the same direction. CME Group announced Thursday that its 1-ounce gold futures on COMEX will move to 24/7 trading on July 26, and a new 10-barrel WTI crude oil contract will debut August 30 on a 24/7 schedule, pending regulatory approval. Both exchanges had already converted their crypto futures to round-the-clock trading; CME’s crypto switch drew 7,200 contracts in its first weekend.

Coinbase’s Broader Derivatives Push

Coinbase Derivatives processed more than $52 billion in notional volume across its traditional commodity futures in the first quarter of 2026, representing 7.6% of all contracts traded on the exchange that quarter. The platform launched oil and gold futures in June 2024 and later added silver. Earlier this month, Coinbase launched perpetual-style equity index futures in the US, continuing its push to list traditional assets alongside crypto under the “Everything Exchange” strategy it has flagged to investors.

The Crypto Connection

The US-listed gold and silver contracts on Coinbase Derivatives are dollar-settled traditional futures. The crypto tie-in runs through two parallel channels. First, Coinbase Derivatives and Nodal Clear are partnering to integrate USDC as collateral for US futures trading, pending CFTC approval, which would allow traders to post the dollar-pegged stablecoin as margin. Second, Coinbase’s International Exchange already offers GOLD-PERP and SILVER-PERP perpetual futures for eligible non-US traders, with both contracts settled in USDC. Coinbase and Circle co-founded USDC; USDC market cap stands near $75 billion, making it the second-largest stablecoin by supply.