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- Steve Muchoki
Steve Muchoki
- Mar 31, 2026 01:57 UTC
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Binance Oil and Gas Futures: 100x Leverage Launching April 1st
Binance plans to launch perpetual futures trading in WTI crude, Brent crude, and natural gas, offering up to 100x leverage on each contract.
Hyperliquid has been a pioneer in this space, with oil trading becoming the biggest contributor to its trading volume.
The integration aims to capture the demand in energy trading amid Middle East-led price volatility.
Binance will unveil 24/7 perpetual futures trading in WTI crude (CLUSDT), Brent crude (BZUSDT), and natural gas (NATGASUSDT) on April 1.
The three contracts, all USD-margined and settled in USDT, will each have up to 100x leverage. The first two will represent 1,000 barrels of crude oil each, while the last will represent 10,000 MMBtu (Million British Thermal Units).
Source: Binance
Binance joins Hyperliquid in oil trading
Binance will now join Hyperliquid, which has predominantly traded oil for about 5 months following the activation of HIP-3 (Hyperliquid Improvement Proposal 3).
Hyperliquid currently ranks as the leading decentralized perpetual exchange, with a 1-month trading volume of $200.50 billion, which is almost triple that of its nearest competitor, Aster, at $77.34 billion.
While natively a crypto platform, Hyperliquid’s top-performing assets by volume and open interest are now dominated by real-world assets (RWA), namely crude oil, silver, and TradeXYZ (TradFi instruments such as stocks, global indices, and commodities). Crude oil recently surpassed $300 million in market cap, making it more liquid than any mid-cap altcoins.
Source: Hyperliquid
These developments led Hyperliquid to outperform Coinbase in notional trading volume in early 2026, marking a major milestone for decentralized finance.
By contrast, Binance, which launched RWA trading in late 2024, recorded over $34 trillion in total trading volume in 2025 (the world’s largest exchange). Its most active pairs have been BTC/USDT, ETH/USDT, and USDT/USDT.
Crypto exchange adoption of RWA
Binance’s latest development underscored the trend among crypto platforms to offer RWA trading. The crude oil and natural gas trading niche has recently become profitable after the US-Iran conflict destabilized energy transportation and, by extension, its prices. Oil now trades above $100/barrel (25% higher than its March 5 price of $80).
Community reaction on X showed wariness toward the 100x leverage offer, while others saw the move as a profit-chasing venture amid crypto bear trends.
At press time, Binance’s native token, BNB, was trading at $611.47, while Hyperliquid’s native token, HYPE, traded at $37.28.
Source: Binance
Both are yet to recover from the wider market downturn despite the platforms’ integration of TradFi instruments.
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