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Oil becomes second-most traded asset on popular crypto exchange
Hyperliquid, the popular decentralized crypto trading exchange, has been witnessing an outstanding surge in oil trading. Built mainly for perpetual futures trading, Hyperliquid lets users trade asset derivatives with high leverage. The CT-USDC contract, an oil-linked perpetual contract tracking a barrel of West Texas Intermediate (WTI) crude oil, has seen a trading volume of $1.32 billion over the last 24 hours. The oil contract surged as much as 25% after the war between the U.S.-Israel and Iran began on Feb. 28. Its price rose as high as $118 a barrel on March 9, currently trading around $80 per barrel. Data ... (full story)
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