{"id":418270,"date":"2026-01-28T16:22:28","date_gmt":"2026-01-28T10:52:28","guid":{"rendered":"https:\/\/dripp.zone\/news\/coinbase-shares-extend-losses-as-it-expands-into-new-metal-futures-crypto-news\/"},"modified":"2026-01-28T16:26:53","modified_gmt":"2026-01-28T10:56:53","slug":"coinbase-shares-extend-losses-as-it-expands-into-new-metal-futures-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/coinbase-shares-extend-losses-as-it-expands-into-new-metal-futures-crypto-news\/","title":{"rendered":"Coinbase Shares Extend Losses as It Expands Into New Metal Futures &#8211; Crypto News"},"content":{"rendered":"<div style=\"position:relative;overflow:visible;font-size:1.2em;line-height:1.58\">\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Coinbase&#8217;s stock extended losses on Tuesday, even as the crypto exchange rolled out copper and platinum futures trading in its latest bid to diversify beyond digital assets that have hammered investor confidence.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">The company announced Tuesday that traders can now access <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinbase.com\/en-in\/advanced-trade\/futures\/CU-25FEB26-CDE\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">copper<\/span><\/a><span style=\"font-weight:400\"> and <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinbase.com\/en-au\/advanced-trade\/futures\/PT-27MAR26-CDE\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">platinum<\/span><\/a><span style=\"font-weight:400\"> futures on its platform, joining previously available gold and silver contracts.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Coinbase shares fell 1.24% to as low as $208 in intraday trading, the stock&#8217;s lowest point since May of last year, before clawing back some losses to close at $210. After-hours trading saw little gain, Google Finance data shows.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Its stock is down more than 10% since the year began and a further<span style=\"font-weight:400\">\u00a046% from its July <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/decrypt.co\/330112\/coinbase-hits-record-high-bitcoin-analysts-highlight-growth\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">all-time high of $398<\/span><\/a><span style=\"font-weight:400\">.<\/span><\/p>\n<div class=\"relative w-full\">\n<blockquote class=\"twitter-tweet mx-auto\">\n<p lang=\"en\" dir=\"ltr\">PSA: You can trade precious metals on Coinbase.<\/p>\n<p>Silver, gold, copper and platinum futures are available on Coinbase. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/YEjmSu5nsi\" data-wpel-link=\"internal\">https:\/\/t.co\/YEjmSu5nsi<\/a><\/p>\n<p>\u2014 Brian Armstrong (@brian_armstrong) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/brian_armstrong\/status\/2016252674405011781?ref_src=twsrc%5Etfw\" data-wpel-link=\"internal\">January 27, 2026<\/a><\/p>\n<\/blockquote>\n<\/div>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">The stock has dropped 9.9% over the past month, pointing to broader uncertainty in both crypto markets and investor appetite for high-beta risk assets.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">The metals push arrives as crypto markets attempt to stabilize, with Bitcoin remaining relatively stable above $88,000, according to CoinGecko data.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">A quarterly report from Coinbase Institutional and Glassnode released Tuesday suggests the <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/decrypt.co\/356122\/bitcoin-seen-entering-a-more-stable-phase-coinbase-and-glassnode-say\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">market is entering a healthier phase<\/span><\/a><span style=\"font-weight:400\">, with &#8220;excess leverage having been flushed from the system in Q4,&#8221; and that &#8220;the macro environment looks sound, and monetary policy should be supportive.&#8221;<\/span><\/p>\n<p><iframe loading=\"lazy\" style=\"border:0\" src=\"https:\/\/myriad.markets\/embed\/market\/gold-price-pump-to-5-400-or-dump-to-4-700\" width=\"100%\" height=\"415px\"><span data-mce-type=\"bookmark\" style=\"display:inline-block;width:0px;overflow:hidden;line-height:0\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Steven Wu, COO of Clearpool, told <\/span><i><span style=\"font-weight:400\">Decrypt<\/span><\/i><span style=\"font-weight:400\"> that Coinbase\u2019s stock decline reflects \u201cwider market conditions rather than a specific loss of confidence in execution,\u201d noting it trades as a \u201chigh-beta risk asset\u201d as investors rotate toward commodities and yield.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Expanding into metals futures is &#8220;less about hedging crypto volatility directly and more about gradually broadening Coinbase&#8217;s role as a derivatives venue,&#8221; Wu said, though he cautioned that metals are &#8220;unlikely to offset crypto market swings in any meaningful way in the near term.&#8221;<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Allen Ding, Head of Bitfire Research, echoed that sentiment, telling <\/span><i><span style=\"font-weight:400\">Decrypt<\/span><\/i><span style=\"font-weight:400\"> that the addition of new metals futures is \u201ctactical product diversification rather than a complete strategic hedge.\u201d <\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">&#8220;Deep liquidity for metals remains concentrated in legacy venues like the CME,\u201d making the offerings \u201cmore of a complementary feature for user retention rather than a primary growth engine,\u201d he said.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">\u201cUltimately, these products diversify the suite but may not fully insulate the business from the inherent volatility of the crypto-native market,\u201d Ding added.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Wu noted how <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/decrypt.co\/355999\/stablecoins-bigger-threat-us-banks-regulators-admit-standard-chartered\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">regulatory uncertainty<\/span><\/a><span style=\"font-weight:400\"> around the proposed CLARITY <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/decrypt.co\/resources\/stablecoins\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">stablecoin<\/span><\/a><span style=\"font-weight:400\"> framework could \u201cmaterially impact USDC adoption and Coinbase\u2019s earnings,\u201d especially if yield distribution to users is restricted.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Coinbase\u2019s <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/decrypt.co\/354668\/coinbase-pulls-support-crypto-market-structure-bill-senate-vote\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\">withdrawal of support<\/a> for the Senate\u2019s market structure bill has helped stall the CLARITY Act\u2019s markup in the Senate Banking Committee, underscoring unresolved industry concerns over provisions including stablecoin-reward restrictions and other rules that could affect innovation and business models.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Because stablecoin interest income is \u201chigh-margin and flows directly to the bottom line,\u201d regulatory risk \u201cweighs disproportionately on investor sentiment,\u201d even as trading volume remains Coinbase\u2019s primary revenue driver, he said.<\/span><\/p>\n<div class=\"my-4 border-b border-decryptGridline\">\n<div class=\"text-start p-8 md:py-12 md:px-12 max-w-prose relative\"><span class=\"border-t-4 border-l-4 w-4 h-4 md:border-t-[6px] md:border-l-[6px] md:w-6 md:h-6 border-decryptPurple dark:border-decryptNeon gg-dark:border-cc-pink-2 absolute top-4 left-4 md:top-6 md:left-6\"\/><span class=\"border-t-4 border-l-4 w-4 h-4 md:border-t-[6px] md:border-l-[6px] md:w-6 md:h-6 border-decryptPurple dark:border-decryptNeon gg-dark:border-cc-pink-2 absolute rotate-180 bottom-4 right-4 md:bottom-6 md:right-6\"\/><\/p>\n<h3 class=\"font-akzidenz-grotesk font-bold text-xl md:text-3xl md:text-center gg-dark:text-white\">Daily Debrief<!-- --> Newsletter<\/h3>\n<p>Start every day with the top news stories right now, plus original features, a podcast, videos and more.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase&#8217;s stock extended losses on Tuesday, even as the crypto exchange rolled out copper and platinum futures trading in its latest bid to diversify beyond digital assets that have hammered investor confidence. The company announced Tuesday that traders can now access copper and platinum futures on its platform, joining previously available gold and silver contracts. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":400531,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-418270","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/418270","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=418270"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/418270\/revisions"}],"predecessor-version":[{"id":418271,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/418270\/revisions\/418271"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/400531"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=418270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=418270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=418270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}