Coinbase has introduced perpetual futures contracts for gold (GOLD-PERP) and silver (SILVER-PERP) available to eligible non-U.S. traders. These contracts are settled in USDC and offer up to 25x leverage. Additionally, Coinbase's derivatives exchange (CDE) is in discussions with the U.S. Commodity Futures Trading Commission (CFTC) to transition its regulated gold and silver futures contracts from the current 23/5 trading model to a 24/7 trading schedule.