Phantom Wallet launches crude oil contract trading, supporting up to 20x leverage configuration

GreenCandleCollector · 2026-01-19T09:38:14+00:00

The crypto wallet app Phantom launches the CL-CRUDE OIL contract, providing a new way to trade energy assets. The contract supports up to 20x leverage, and users should exercise caution due to the risks involved. This move expands the application of crypto assets, meets users' diverse needs, and promotes wallets toward financial services.

GreenCandleCollector

2026-01-19 09:38:14

Abstract generation in progress

According to the latest news, the contract trading market of the crypto wallet application Phantom has officially launched the CL-CRUDE OIL contract product. This move provides users with a new way to access energy assets, among which crude oil, as an important category of global commodities, represents an extension of traditional financial assets on the blockchain.

Trading Parameters and Risk Warning

The CL-CRUDE OIL contract supports leverage trading of up to 20 times. Users can flexibly adjust the leverage multiple according to their risk tolerance. It is important to note that while high leverage amplifies potential returns, it also significantly increases the risk of liquidation, especially in market environments with sharp fluctuations in energy commodity prices.

Product Significance

As a mainstream crypto wallet, Phantom further broadens the application scope of the crypto asset ecosystem by introducing traditional commodity contracts such as crude oil in the contract market. This not only meets the diversified needs of derivatives trading enthusiasts but also demonstrates the trend of wallet applications deepening into financial services.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.