TechFlow News, March 25: According to CoinDesk, Wintermute, a cryptocurrency market maker, has officially launched over-the-counter (OTC) trading of West Texas Intermediate (WTI) crude oil contracts for difference (CFDs) through its derivatives division, Wintermute Asia. The service supports round-the-clock 24/7 trading with zero trading fees.
Unlike standardized perpetual contracts offered by exchanges such as Hyperliquid, CFDs are OTC derivatives that can be customized in terms of contract size, maturity, and margin requirements—enabling institutional and professional traders to tailor risk management solutions to their specific needs. Traders may execute CFDs via instant messaging, Wintermute’s electronic OTC trading platform, or API, and may post either fiat currency or crypto assets as margin. Notably, Wintermute acts directly as the counterparty in these transactions, assuming market risk itself rather than merely matching buyers and sellers.
Evgeny Gaevoy, CEO of Wintermute, stated that ongoing geopolitical tensions in the Middle East, coupled with the inability of traders to adjust positions during traditional financial market closures, have created an urgent need—precisely what this WTI crude oil CFD offering is designed to address.
