The open interest of S&P 500 Index futures contracts on Trade.xyz has surged by over 40% in the past two days, making it the largest open interest position.

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 on a roll. On the Trade.xyz platform, the open interest of the S&P 500 index contract has increased by over 40% in two days, soaring from a range low of $281 million on the 14th to $407 million, making it the largest open interest product on the platform currently.

On the other hand, the open interest of 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.