Geopolitical Risks Drive Crude Oil's High Volatility, Gate TradFi Crude Oil Contracts Lead in Trading Volume

Odaily News On March 23, influenced by ongoing tensions in the Middle East and uncertainties in energy supply, international crude oil prices maintained a high-volatility trend. Gate TradFi market data shows that WTI crude oil (XTIUSD) is currently priced at $100.65, down 1.94% in the past 24 hours; Brent crude oil (XBRUSD) is currently priced at $113.45, down 0.69% in the past 24 hours. Against the backdrop of increased price volatility, trading volumes for related contracts have also risen correspondingly.

In terms of trading activity, according to Coinglass data, the 24-hour contract trading volume for WTI crude oil (XTIUSD) on the Gate platform reached $5.4066 million, an increase of 143.50%, ranking first among all exchanges; Gate XBR's 24-hour trading volume was $5.0037 million, also ranking first. Amid high volatility, crude oil contracts have become one of the key assets for capital speculation.

Gate TradFi already supports trading on both Web and App platforms, and has pioneered a multi-tier leverage mechanism in the industry. Building upon a maximum leverage of 500x, it offers various leverage options, such as 10x, 20x, and 50x for silver, while gold and indices support 20x, 100x, and 200x, among others. Simultaneously, the platform has opened the TradFi trading API and includes TradFi trading volume in Gate VIP promotion statistics, supporting programmatic trading for assets such as metals, forex, indices, and commodities, further enhancing the one-stop cross-market trading experience.