FTX Launches Oil Based Trading Using Cryptocurrency

In recent weeks, the oil market has passed cryptocurrency in volatility. As the price of oil crashed, we see the market expanding.

Part of this is the Binance platform, FTX, has opened up trading oil futures using cryptocurrency.

The derivative contracts will expires on the WTI price, plus $100 to protect against negative settlement.

Volatility is now a regular part of the oil industry. Here is a chart tracking the volatility of oil and cryptocurrency.

Crypto derivatives are exploding. The first quarter saw record contracts in this arena, one that is obviously still growing.

Billions of dollars is now traded in this market. Binance is becoming the leader in this arena, watching it market share grow over the first quarter.

A report published by CryptoCompare earlier this month estimated that the combined market share of Binance and FTX grew from 14% in January to 22% in March amid the dramatic crypto market crash.

Binance saw the largest volume among derivatives exchanges, with $2.8 billion in futures contracts changing hands during the violent sell-off.

https://cointelegraph.com/news/traders-buy-oil-futures-with-crypto-amid-record-volatility

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We are seeing a rapid expansion of cryptocurrency options. The financial arena surrounding cryptocurrency is really expanding. The derivative market using crypto is exploding around the world. This is something that is going to keep growing as people's appetite for return grows.

There is also a pathway for people to get their hands on cryptocurrency.

It is very interesting to watch it all develop.