Phemex TradFi Crude Oil Trading Surges 300% as Ceasefire Volatility Sparks Record Demand - BlockTelegraph

Phemex TradFi Crude Oil Trading Surges 300% as Ceasefire Volatility Sparks Record Demand - BlockTelegraph

APIA, Samoa, April 9, 2026 /PRNewswire/ — Phemex, a user-first crypto exchange, reported that crude oil perpetual futures volume on its TradFi platform surged over 300% week-over-week, as the US-Iran ceasefire announcement triggered the largest single-day oil price swing since the 1991 Gulf War. Phemex TradFi offers WTI (XTI) and Brent crude oil (XBR) perpetual futures settled in USDT, available 24/7 with no expiry dates, enabling traders to rea…