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Popular crypto derivatives exchange FTX launches oil futures—here’s what this means for crypto Popular crypto derivatives exchange FTX launches oil futures—here’s what this means for crypto
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Popular crypto derivatives exchange FTX launches oil futures—here’s what this means for crypto

FTX, one of the fastest-growing crypto derivatives exchanges in the world, has announced the launch of crude oil futures that expire to the spot price of WTI crude oil plus $100 dollars.

Popular crypto derivatives exchange FTX launches oil futures—here’s what this means for crypto

Cover art/illustration via CryptoSlate

FTX, one of the fastest-growing crypto derivatives exchanges in the world, has announced the launch of crude oil futures that expire to the spot price of WTI crude oil plus $100 dollars.

The fact that the product comes at a time when oil prices touched negative has instilled a new kind of confidence in the crypto industry, with many seeing this as proof of a maturing market.

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