Gate TradFi Launches Stock and Commodity Trading Amid Rising Oil Prices

Gate introduced Brent and WTI USDT perpetual contracts amid heightened crude volatility, expanding APP and Web access for leveraged commodity and CFD trading up to 500x.

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Summary

Gate has launched USDT perpetual contracts for Brent (XBRUSDT) and WTI (WTIUSDT) as oil market volatility intensifies. Brent traded around $84.28, hitting an intraday high of $85 with $85.14 million in volume. The exchange also activated commodity and CFD trading via its APP and Web platforms, offering leverage up to 500x. This initiative strengthens Gate's expansion into multi-asset trading and underscores the growing overlap between crypto infrastructure and traditional commodity markets.

Terms & Concepts
  • USDT perpetual contract: A type of derivative allowing continuous trading without expiry, settled in Tether (USDT).
  • CFD: A Contract for Difference enabling traders to speculate on asset price movements without owning the underlying asset.
  • Leverage: A mechanism that allows traders to control larger positions with less capital, amplifying potential gains or losses.