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>>Crude oil trading on Phemex TradFi climbs 300% as ceasefire‑induced volatility fuels record demand.

Crude oil trading on Phemex TradFi climbs 300% as ceasefire‑induced volatility fuels record demand.

crypthub

about 14 hours ago

Oil Futures Surge

Phemex reported a >300% week‑over‑week jump in crude oil perpetual futures volume after the US‑Iran ceasefire sparked the biggest single‑day oil swing since 1991. The TradFi platform offers 24/7, expiry‑free WTI (XTI) and Brent (XBR) contracts settled in USDT. Weekly oil trading topped $300 million, lifting its share of total TradFi volume from ~3% to 12%.

Trader Activity Highlights

On April 7 daily oil volume hit a record $85 million, a 4.6‑times rise as WTI fell >15% within hours of the ceasefire news. Over 8,000 unique traders used oil contracts in the week, with single‑day active users exceeding 2,000 for the first time. CEO Federico Variola said crude oil shifted from a niche offering to a fastest‑growing asset class overnight.

Shift Toward Continuous Trading

The spike shows real‑time geopolitical events are fueling cross‑asset volatility and demand for always‑on market access. Phemex views the surge as part of a broader move to crypto‑native infrastructure for traditional assets. The exchange will expand its TradFi suite to give traders faster, more flexible responses to global events.

About Phemex

Founded in 2019, Phemex serves over 10 million traders with spot, derivatives, copy‑trading and wealth‑management tools focused on user experience and transparency. The platform aims to provide reliable, innovative solutions for traders at all levels. This sponsored release is for informational purposes only and is not legal, tax, investment, or financial advice.