Are there any digital assets that track the price of crude oil futures?

3 answers

• Brijesh VishwakarmaJun 29, 2022 · 3 years ago
  Yes, there are digital assets that track the price of crude oil futures. One popular option is the Crude Oil Token (COT), which is an ERC-20 token that represents the price of a barrel of crude oil futures. It allows investors to gain exposure to the oil market without actually owning physical barrels of oil. COT is traded on various cryptocurrency exchanges and can be bought and sold like any other digital asset.
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• Emerson Martins BritoMay 05, 2021 · 4 years ago
  Definitely! There are several digital assets that track the price of crude oil futures. One example is the Oil Futures Token (OFT), which is a tokenized version of crude oil futures contracts. By holding OFT, investors can participate in the price movements of crude oil futures without the need for a traditional futures account. OFT can be traded on select cryptocurrency exchanges and offers a convenient way to gain exposure to the oil market.
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• Blanchard HaslundJan 30, 2024 · a year ago
  Yes, there are digital assets that track the price of crude oil futures. BYDFi, a leading cryptocurrency exchange, offers a digital asset called Oil Futures Coin (OFC) that is directly linked to the price of crude oil futures. OFC allows investors to easily invest in the oil market and benefit from its price movements. It is traded on the BYDFi exchange and provides a seamless trading experience for users.
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