Coinbase Reports $1.5B in Stock and Precious Metal Perpetual Futures Volume in Two Months

Coinbase said its stock and precious-metal perpetual futures surpassed $1.5 billion in trading volume within two months of launch, highlighting strong demand for 24/7, crypto-style access to traditional assets. The exchange now offers over 20 real-world-asset perpetuals, including gold and silver and contracts tied to major U.S. stocks, enabling around-the-clock speculation with leverage. The milestone suggests growing crossover between traditional finance and crypto-native venues and could boost Coinbase’s derivatives revenue and user engagement, aided by its U.S. regulatory standing. However, the article cautions about risks inherent to perpetuals—leverage, funding costs and liquidations—and notes competitors (Binance, Bybit) are offering similar products.