The hottest new trade in crypto doesn’t involve meme coins, stablecoins, or altcoins. It’s not a buzzy new AI crypto, and it certainly does not involve Bitcoin (BTC 3.35%). Instead, the hottest new trade in crypto, according to the Wall Street Journal, is tokenized oil futures.
If you’ve been following geopolitical events in the Middle East (and who hasn’t?), then you’ll understand why. Oil prices can zigzag wildly, based on nothing more than a single social media post, and crypto traders want a way to get in on the action.
There’s nothing new, of course, about speculating on the future price of oil. Here’s what is new: the ability of individual crypto investors to do so, 24/7, using new blockchain-based trading platforms.
