Coinbase Derivatives launches copper and platinum futures trading in the early morning, moving towards the "All Things Exchange" strategy

The product competition among cryptocurrency exchanges has gone beyond digital assets themselves. Those who can integrate a broader range of global asset classes first will have the advantage in the next stage of competition.

On the morning of January 27, Coinbase Derivatives announced the launch of copper and platinum futures, advancing its blueprint of the “All Things Exchange.” Just a few hours ago, Gate published an official announcement, stating that multiple perpetual contracts across various sectors will be launched simultaneously at 16:00 on January 27 (UTC+8). The extensive coverage of assets directly responds to this industry-wide category expansion race.

01 Strategic Play: The Gun Fires in the All-Asset Race

While mainstream investors are still discussing Bitcoin spot ETFs, top trading platforms have set their sights on a broader universe. Coinbase’s launch of copper and platinum futures is a key move in building a comprehensive trading ecosystem.

Gate’s subsequent large-scale launch clearly indicates that becoming a bridge connecting the crypto world with all major global capital markets has become a shared strategic goal among industry leaders.

02 Details of Gate’s Launch: A Global Trading Network

This launch by Gate is not a scattered addition but a systematic sector expansion aimed at building a trading network that nearly covers all core asset classes. Starting at 4:00 PM Beijing time on January 27, users will be able to settle perpetual contracts in USDT across the following four major sectors:

Precious Metals and Industrial Metals: In addition to Coinbase’s existing copper (XCU), Gate has further launched contracts for aluminum (XAL), nickel (XNI), and lead (XPB). These base metals are vital to global manufacturing and provide traders with tools to hedge against industrial cycle fluctuations and new energy industry volatility.

Global Core Indices: Connecting directly to the pulse of major stock markets worldwide. Includes US30 (Dow Jones Industrial Average), HK50 (Hong Kong Hang Seng Index), and JPN225 (Nikkei Index). Supports 1-10x leverage.

Commodity King — Crude Oil: Simultaneously launching contracts representing US crude oil prices (XTI, WTI crude oil) and international benchmark oil prices (XBR, Brent crude oil). These are core targets in global geopolitical and macroeconomic trading, supporting 1-10x leverage.

Mainstream Forex: Offering the two most traded currency pairs globally — EUR/USD and GBP/USD. The forex market features high liquidity and 24-hour continuous trading, with Gate providing up to 100x leverage.

03 Deep Collaboration: Gate’s Trading Ecosystem Advantages

After this launch, Gate’s traditional financial asset landscape is nearly complete. Users can perform integrated trading and portfolio management across crypto assets, precious metals, stocks, forex, commodities, and stock indices within a single platform.

This integration opens up unique strategic possibilities: for example, traders can go long on copper (XCU) and US30 simultaneously based on macroeconomic recovery outlooks, while shorting safe-haven assets; or hedge arbitrage using correlations between forex and indices.

Gate’s platform data shows significant progress in contract trading depth and liquidity. According to the latest data on January 27, Gate ranks third in ETH network-wide contract holdings, with a total of $3.832 billion. Its large user base provides immediate liquidity support for the newly launched traditional asset contracts.

04 Market Impact: Opening New Dimensions for Traders

For traders, this platform “arms race” directly translates into richer opportunities.

Diversified Asset Allocation: Digital assets have low correlation with traditional assets. Adding stock indices, forex, or commodities contracts to a portfolio can effectively diversify systemic risks associated with holding only cryptocurrencies.

Enhanced Strategy Toolbox: From supply-demand-based crude oil trend trading, to interest rate expectations-based forex carry trades, to cross-market macro hedging, professional traders can fully deploy their strategies.

24/7 Seamless Access: Through Gate, investors can trade traditional market assets that are usually only open during specific hours, without missing any market movements caused by breaking news.

05 Risk Warning and Future Outlook

Opportunities always come with risks. Futures and perpetual contracts trading involve leverage, which amplifies both gains and losses. Especially with up to 100x leverage on forex contracts, only traders with extensive experience and strong risk management capabilities should engage.

The joint actions of Coinbase and Gate reveal a clear trend: the ultimate form of cryptocurrency exchanges will be highly compliant, asset-rich, and serve as one-stop gateways to global capital markets.

The future winners will not only be those with the best technology but also those with the strongest asset integration capabilities and the ability to meet users’ diversified wealth management needs. This evolution from “coin exchanges” to “All Things Exchanges” has only just entered its most exciting chapter.