Binance Crude Oil Perpetuals Reach $760 Million and $358 Million on First Full Trading Day

USDⓈ-margined perpetual contracts (crypto derivatives with no expiry) tied to crude oil assets CL and BZ ranked third and fourth among Binance TradFi perpetual products after launch.

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Terms & Concepts
  • USDⓈ-margined perpetual contracts: Crypto derivatives with no expiry that are margined and settled in USD-linked stablecoin assets rather than the underlying commodity.
  • Perpetual contracts: Futures-like instruments without an expiration date, commonly used in crypto trading to gain leveraged exposure to an asset.
  • TradFi perpetual products: Derivative products linked to traditional finance assets, such as commodities, offered in a crypto exchange trading format.