Crypto Firms Aim to Dominate 24/7 Oil Trading

Wintermute launches new 24/7 crude oil trading product as crypto platforms race to capture after-hours energy market volatility.

Mar. 28, 2026 at 4:05pm

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An extreme close-up of a complex, industrial oil pump mechanism, with gears, pistons, and valves in shades of steel grey, bronze, and black, conveying a sense of power and scale behind the global oil trade.As crypto firms race to capture the growing demand for 24/7 oil trading, the industry's physical infrastructure becomes a symbolic backdrop for the digital revolution transforming global energy markets.NYC Today

Crypto firms are racing to capture the growing demand for 24/7 oil trading as geopolitical events and market volatility increasingly occur outside of traditional market hours. Wintermute has launched a new 24/7 crude oil CFD offering, allowing traders to use both fiat and crypto as collateral. This comes after platforms like Hyperliquid saw massive trading volumes in oil-linked perpetual contracts during recent oil price swings, hinting at crypto's potential to become a hub for off-hours energy speculation and hedging.

Why it matters

The shift towards 24/7 oil trading represents a broader trend of financial markets moving towards extended trading hours and tokenized formats across asset classes. As investors demand access to trading at all times, crypto firms are positioning themselves to capture this growing demand, especially for volatile commodities like oil that are heavily impacted by geopolitical events.

The details

Wintermute's new 24/7 crude oil CFD offering allows traders to access the oil market around the clock, posting both fiat and crypto as collateral. This comes after platforms like Hyperliquid saw massive trading volumes in oil-linked perpetual contracts during recent oil price swings driven by geopolitical events. For example, an oil-linked perpetual contract on Hyperliquid generated over $1.2 billion in 24-hour volume, becoming the platform's second-most traded market. The surge came after a jump in oil futures during the escalation in Iran.

  • On March 24, traders placed more than $500 million in crude bets just before President Donald Trump announced that the US would delay attacks on Iran's energy infrastructure.
  • Earlier in March, an oil-linked perpetual contract on Hyperliquid generated more than $1.2 billion in 24-hour volume.

The players

Wintermute

A crypto market maker that has launched a new 24/7 crude oil CFD offering, allowing traders to access the oil market around the clock using both fiat and crypto as collateral.

Hyperliquid

A crypto platform that saw massive trading volumes in an oil-linked perpetual contract, generating over $1.2 billion in 24-hour volume and becoming the platform's second-most traded market.

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What’s next

As more crypto firms launch 24/7 oil trading products, the competition to capture this growing market will intensify. Regulators and traditional financial institutions will also be closely watching these developments and their potential impact on market structure and investor protection.

The takeaway

The shift towards 24/7 oil trading represents crypto's growing influence in the world of traditional finance. By offering around-the-clock access to volatile commodities like oil, crypto platforms are positioning themselves as the go-to destinations for traders seeking to react quickly to geopolitical events and market movements outside of regular business hours.