PANews reported on October 31 that according to an announcement by Coinbase, Coinbase Derivatives will launch retail-scale futures contracts for Silver (SLR) and Stellar (XLM) on November 11, further expanding its derivatives product line regulated by the Commodity Futures Trading Commission (CFTC), including previously launched BTC, ETH, BCH, LTC, DOGE, SHIB, AVAX, DOT, LINK, Gold and Oil contracts.

The Silver and Stellar futures launched this time are based on 50 ounces of silver and 5,000 Stellar, respectively, aiming to provide traders at all levels with more convenient market access opportunities while meeting the needs of price discovery and risk management. Coinbase said that combining traditional commodities with innovative cryptocurrencies will help create a more comprehensive trading experience and provide investors with diversified risk management and portfolio options.