Market-making giant enters crude oil trading! But the gameplay is completely different from the Hyperliquid perpetual contract

Wintermute, the leading crypto market maker, has officially launched WTI crude oil contract for difference (CFD) trading. This is an over-the-counter derivative that allows traders to speculate on crude oil prices 24/7 without actually holding crude oil spot.

**Why is this important? ** This indicates that traditional top market makers are extending their reach to a wider range of asset classes and trying to open up new battlefields outside the currency circle. The CFD model it adopts is fundamentally different from the popular crude oil perpetual contracts on DeFi protocols such as Hyperliquid - CFD is a bet between users and Wintermute, which is an over-the-counter transaction; while the on-chain perpetual contract is a decentralized contract transaction. This provides new options for players with different risk appetites.

**What does it mean for retail investors? ** There is an additional tool for betting on crude oil fluctuations 24 hours a day, especially suitable for traders who are familiar with traditional financial derivatives. However, it is important to note that CFD is a high-risk leveraged product and the counterparty is Wintermute, so its credit risk needs to be assessed. If you want to trade more diverse assets, you can compare prices on CoinRebate. The fee rates of each exchange are quite different, and the savings are all in costs.

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This article was edited by CoinRebate AI, data source: CoinDesk