Wintermute Launches WTI Crude Oil CFD Over-the-Counter Trading Service, Supporting Fiat Currency and Crypto Assets as Margin

robot
Abstract generation in progress

Deep Tide TechFlow News, on March 25, according to CoinDesk, the crypto market maker Wintermute’s derivatives division Wintermute Asia officially launched WTI crude oil CFD (Contract for Difference) OTC trading service, supporting 24/7 trading with zero transaction fees.

Unlike standardized perpetual contracts used by exchanges like Hyperliquid, CFDs are OTC derivatives that can be customized in terms of contract size, duration, and margin requirements to meet the personalized risk management needs of institutions and professional traders. Traders can execute contracts via instant messaging, Wintermute’s electronic OTC platform, or API, and can use fiat or crypto assets as collateral. Notably, Wintermute acts as the counterparty in this business, bearing market risk, rather than matching buyers and sellers.

Wintermute CEO Evgeny Gaevoy stated that ongoing geopolitical tensions in the Middle East have made it difficult for traders to adjust positions during traditional market closures. The launch of crude oil CFDs is to address this urgent need.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin