Tensions in the Strait of Hormuz are rising, and the trading volume of crude oil contracts on the Gate platform is leading the industry

Due to Trump's recent remarks on the situation in the Strait of Hormuz, market expectations for geopolitical risks in the Middle East have intensified, and international crude oil prices remain high and volatile. According to Gate platform data, WTI crude oil (XTIUSD) is currently priced at $102.79, up 0.73%; Brent crude oil (XBRUSD) is currently priced at $104.90, down 0.85%. Trading in oil-related contracts remains active.

According to CoinGlass data, the 24-hour trading volume for WTI crude oil (XTIUSD) on the Gate platform reached $11.68 million, an increase of 16.37%, ranking first among all exchanges; the trading volume for XBR contracts reached $8.84 million, an increase of 50.38%, also ranking first in the industry. In the high-volatility market driven by geopolitical risks, the participation of funds has significantly increased, and Gate's liquidity advantage in energy derivatives trading has become more pronounced.

Gate contracts have pioneered the commodity contract sector, covering XBRUSDT (Brent crude oil), XTIUSDT (WTI crude oil), and NG (natural gas) perpetual contract trading, providing 24/7 trading, USDT settlement, and up to 100 times leverage, helping users to allocate assets and strategize across markets in volatile conditions.