Crypto market maker Wintermute launches WTI crude oil CFDs

PANews reported on March 25th that, according to CoinDesk, crypto market maker Wintermute, through its derivatives division Wintermute Asia, has launched over-the-counter (OTC) trading of WTI crude oil CFDs. This allows traders to use fiat currency or crypto assets as collateral and trade 24/7 via chat, an electronic OTC platform, or an API. Unlike perpetual contracts listed on traditional exchanges, CFDs offer professional traders and institutions customized flexibility, allowing them to design strategies based on specific risk-reward objectives. Wintermute acts as the counterparty in the CFDs, assuming market risk. Wintermute Asia previously launched tokenized gold products, and this launch further expands its product line beyond pure digital assets.