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

Deep Tide TechFlow News, March 25 — According to CoinDesk, crypto market maker Wintermute’s derivatives division, Wintermute Asia, officially launched OTC trading services for WTI crude oil CFDs, 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 institutional and professional traders. Traders can execute contracts via instant messaging, Wintermute’s electronic OTC platform, or API, using 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 caused traditional financial markets to close, preventing traders from adjusting their positions in a timely manner. The launch of crude oil CFDs is aimed at addressing this urgent need.

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