MetaMask Now Expands Into Gold, Silver, and Forex Perp Trading

• MetaMask Perps now supports gold, silver, and major forex trading.
• Users can trade commodities and currencies using perpetual contracts with leverage.

MetaMask has rolled out perpetual trading for gold, silver, and major forex pairs on its mobile app, giving users the ability to go long or short on these markets without holding the underlying assets.

Previously, MetaMask already provided perpetual futures for various popular crypto assets. However, the instrument selection has now expanded.

Gold and silver offer options for traders looking to monitor precious metal price movements, while foreign currency pairs provide access to the dynamics of the forex market, which has traditionally been associated with traditional trading platforms.

MetaMask Opens the Door to Multi-Market Trading

MetaMask enables perpetual trading that doesn’t rely on contract deadlines, allowing users to maintain positions as long as their margin holds up while still giving room for high leverage. On the other hand, this system also requires careful risk management, as sharp price movements can lead to liquidation.

By introducing gold and silver, the crypto wallet signals that it wants to appeal to a broader group of traders. Metals are typically viewed as protective assets, and forex markets move actively throughout the day. Putting all of these options under one platform helps streamline the overall trading experience.

Late last November, we reported that MetaMask Mobile had enabled on-chain equity perpetual trading with leverage. This enabled users to trade certain stock-based contracts directly from the app. Now, with the addition of commodities and currencies, the range of assets accessible through MetaMask has expanded.

For the moment, this capability is limited to MetaMask’s mobile app. Anyone wanting to use it should make sure they’re running the newest version to see the perps menu.

However, perpetual trading is still not for beginners. Price movements in gold, silver, and forex can be influenced by many global factors, from central bank policies to market sentiment. With available leverage, the potential for profit is there, but the risks also increase.

On the other hand, on December 9, we covered that MetaMask is expanding its cross-chain swaps feature using Rango’s multi-chain routing infrastructure.

Initially supporting only EVM and Solana, it now includes Bitcoin, with Tron support soon to follow. This move makes cross-blockchain asset exchanges more flexible directly from the wallet.

However, with the expansion of features, security risks have also come to the fore. On January 5, we highlighted a report from SlowMist regarding a 2FA phishing scam targeting MetaMask users. Attackers spoofed the wallet warnings and created fake 2FA pages to steal users’ passphrases.

In fact, the “Mertamask” domain was used with typosquatting techniques and messages with an urgent feel to catch victims off guard.