Today, we’re excited to announce that Bitfinex Derivatives has expanded its offerings with the launch of three new commodity instruments: UK crude oil, palladium and platinum.
These commodities are now available for customers to trade on our derivatives platform 24/7 using Tether (USDT). This is a major milestone in our efforts to provide traders with access to traditional financial exchanges around-the-clock.
UK crude oil serves as the benchmark for light oil markets in Europe, Africa and the Middle East. It can be refined into diesel fuel or gasoline and is used widely across various industries. Palladium is mainly used in manufacturing processes such as dentistry or jewelry making while platinum can also be made into jewelry but also finds use computer hard disks or chemotherapy drugs.
Traders will benefit from greater liquidity when trading these commodities since they will no longer have restricted trading hours like those found on regular financial exchanges – allowing them more flexibility when it comes time to make their trades!
We look forward continuing providing traders with access even more asset classes so stay tuned for further updates!