The popularity of crude oil contracts is rising, with Gate leading in both trading volume and open interest

According to CoinGlass data, WTI crude oil (XTI) is priced at $89.92, with a 24-hour increase of 2.02%; Brent crude oil (XBR) is currently priced at $92.66, with a 24-hour increase of 2.08%, and oil-related contract trading remains active. For XTI, the trading volume on the Gate platform is approximately $7 million, ranking first in the entire network; for XBR, Gate has a position of about $3.42 million and a trading volume of approximately $6.58 million, both occupying the top spot. Against the backdrop of fluctuating oil prices, Gate maintains a leading position in the related derivatives market.

Gate contracts have taken the lead in oil, pioneering the commodity contract sector, covering XBRUSDT (Brent crude oil) and WTIUSDT (WTI crude oil) perpetual contract trading, providing 24/7 trading, USDT settlement, and up to 100 times leverage, assisting users in cross-market asset allocation and strategic layout amid volatile markets.