Crude Oil Prices Experience Heightened Volatility, Gate's Crude Oil Contract Trading Volume Ranks First

Odaily News According to CoinGlass data, the crude oil market has experienced a short-term pullback, with WTI (XTI) and Brent (XBR) prices reported at $93.79 and $106.49, respectively. Gate has performed outstandingly in crude oil contract trading, ranking first across the entire network. Specifically, the 24-hour trading volume for XTI/USDT reached $11.02 million, a month-on-month increase of 26.99%; the trading volume for XBR/USDT reached $10.38 million, a month-on-month increase of 58.55%. Against the backdrop of intensifying oil price volatility, Gate's advantages in liquidity absorption capacity and trading activity within the crude oil derivatives market continue to be prominent.

In terms of derivatives trading, Gate Contracts has taken the lead in deploying crude oil products, pioneering the commodity contracts sector. It covers XBRUSDT (Brent Crude Oil) and WTIUSDT (WTI Crude Oil) perpetual contract trading, offering 7×24 hour trading, USDT settlement, and leverage of up to 100x, assisting users in cross-market asset allocation and strategic positioning during volatile market conditions.

Furthermore, Gate TradFi has opened trading access via both its APP and Web platforms, comprehensively covering CFD trading services for silver, gold, forex, indices, commodities, and some popular stocks, with leverage support of up to 500x. This caters to diverse trading needs arising from the interplay between traditional finance and the crypto market.