Commodity Indexes

According to the official announcement, Bitfinex Derivatives announced the launch of a series of perpetual contracts targeting some of the largest and most popular global commodity indexes, including UK Crude Oil (UKOILF0: USTF0), Palladium (XPDF0: USTF0), and Platinum (XPTF0: USTF0). Bitfinex Derivatives Launches UKOILF0: USTF0, XPDF0: USTF0, XPTF0: USTF0 Permanent Contracts Analysis based on this information:Bitfinex Derivatives, a globally recognized derivatives provider, has recently launched a series of perpetual contracts aimed at leading commodity indexes worldwide. The announcement confirms that the company’s new offering will target the UK Crude Oil, Palladium, and Platinum, all of which are known to have dramatic impacts on global economies. Perpetual contracts, commonly referred to as “perps,” represent a relatively new financial instrument in the world of trading. The contracts function in a way similar to futures contracts, except for the absence of set expiration dates. They are also unique as they enable traders to hold positions for an indefinite period, offering a continuous stream…