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Bitfinex Enables Perpetual Trading of UK Crude Oil, Palladium and Platinum Contracts

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On March 19th, it was announced that Bitfinex has now launched a perpetual contract for UK crude oil, palladium, and platinum. In traditional exchanges, such pr

Bitfinex Enables Perpetual Trading of UK Crude Oil, Palladium and Platinum Contracts

On March 19th, it was announced that Bitfinex has now launched a perpetual contract for UK crude oil, palladium, and platinum. In traditional exchanges, such products are traded only on weekdays. Through USDT and Bitfinex, traders can achieve 24-hour trading of these derivatives.

Bitfinex will launch crude oil contracts with up to 100 times leverage

Analysis based on this information:


Bitfinex, a popular cryptocurrency exchange platform, recently announced the launch of perpetual contracts for UK crude oil, palladium, and platinum. This new development is a significant breakthrough for traditional commodities exchanges that trade these products only on weekdays, rendering them unavailable for trading on weekends and holidays.

Through Bitfinex’s innovative platform, traders can purchase and trade these derivatives using USDT, Tether’s USD-pegged stablecoin. The perpetual contract eliminates the need for traders to close their positions before a fixed expiration date, providing them with a perpetual opportunity to trade on any given day.

With the addition of UK crude oil, palladium, and platinum to Bitfinex’s list of perpetual contracts, traders have the flexibility to trade commodities around the clock through 24-hour trading to access markets 24/7. This perpetual trading feature has been a popular feature amongst cryptocurrency-based trading, and its implementation in traditional commodities trading provides traders with an unprecedented level of flexibility.

The introduction of perpetual contracts marks a significant development, as it allows long-term traders to hold positions for as long as they wish, without any restrictions on when they can trade. In turn, Bitfinex permits traders to place and withdraw orders at any hour, enabling them to invest in these commodities when they believe the time is right.

Moreover, Bitfinex’s perpetual trading feature allows traders to buy and sell futures contracts on varying price levels, from short-term price action to long-term market trends. This feature provides traders with the flexibility to take positions based on their risk and reward requirements and enables them to exit trades when favourable conditions arise.

In conclusion, Bitfinex’s deployment of this innovative tool in traditional commodity derivatives trading opens up unprecedented opportunities for traders to gain exposure to these markets, 24 hours a day, seven days a week. It represents an opportunity for investors to take advantage of price fluctuations without fearing the limitations imposed by traditional exchanges. Perpetual contracts are indeed a game-changer in commodities trading, offering traders an intuitive and flexible platform tailored to their needs.

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