trading options.

On March 19th, it was announced that Bitfinex has now launched a perpetual contract for UK crude oil, palladium, and platinum. In traditional exchanges, such products are traded only on weekdays. Through USDT and Bitfinex, traders can achieve 24-hour trading of these derivatives. Bitfinex will launch crude oil contracts with up to 100 times leverage Analysis based on this information:The recent announcement from Bitfinex is a significant move in expanding trading options for its users. As one of the world’s top cryptocurrency exchanges, Bitfinex is introducing perpetual contracts for UK crude oil, palladium, and platinum. This means traders won’t have to wait for weekdays to trade such assets, as Bitfinex enables 24-hour trading through its platform. Perpetual contracts are a type of derivative contract that doesn’t have an expiration date, unlike traditional futures contracts. They allow traders to hold a position indefinitely and close it whenever they want. Bitfinex is leveraging the popularity of derivatives trading by providing traders with…