The open interest for S&P 500 index futures contracts on Trade.xyz has increased by over 40% in the past two days, making it the largest open interest product.
BlockBeats News, April 16th. According to The Block data, with the US-Iran talks, the price volatility of the oil trading pair has decreased. At the same time, the US stock market has been surging. On the Trade.xyz platform, the open interest for the S&P 500 index contract has increased by over 40% in two days. It rose from a range low of $281 million on the 14th to $407 million, becoming the largest open interest on the platform.
On the other hand, the open interest for WTI Crude Oil and Brent Crude Oil contracts has significantly decreased, dropping from $845 million and $352 million on the 14th to $389 million and $274 million, respectively.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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