Gate News: On March 25, cryptocurrency market maker Wintermute’s derivatives division, Wintermute Asia, officially launched OTC trading services for WTI crude oil (West Texas Intermediate) CFDs, supporting 24/7 trading with zero trading fees. Unlike standardized perpetual contracts used on some exchanges, CFDs are over-the-counter 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 made it difficult for traders to adjust positions during traditional market closures. The launch of crude oil CFDs aims to address this urgent need.
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