Disclaimer: This article is for general information and educational purposes only. Products mentioned may not be available in all regions.
Key Takeaways
While not available on the centralized Binance exchange, you can access Crude Oil perpetual contracts (CLUSDT) on the Binance Wallet platform.
The service is provided by Aster, a third-party DEX. CLUSDT traders can enjoy 0% maker fees and earn 1.2x Aster Airdrop Points.
Eligible trading volume from CL perpetual contracts may also count toward ASTER trading competitions.
Oil Futures Contracts on Binance Wallet
Trading oil futures has traditionally required access to centralized exchanges with strict operational hours. Binance now offers an innovative, crypto-native solution in partnership with Aster, a decentralized exchange.
The Crude Oil perpetual contracts, tokenized as CL, give users exposure to crude oil prices via a blockchain-based derivative, traded 24/7 on Aster. Unlike centralized futures products, these are traded on-chain via smart contracts.
Trading Incentives and Benefits
To attract liquidity and grow trading activity, there are incentives for early oil futures traders on the Binance Wallet:
0% Maker Fee: Place orders without paying maker fees.
1.2x Aster Airdrop Points: Earn amplified rewards redeemable in ASTER tokens.
Trading Competition: Eligible trading volume from CL perpetual contracts may also count toward ASTER trading competitions.
How to Trade Crude Oil Futures via Binance Wallet (Mobile)
1. Log in to your Binance account and navigate to the Binance Wallet interface.
Note: If you don’t have a Binance Wallet, you will need to set it up before moving to the next steps.
2. If you already have funds in your Binance Wallet, move to the next step.
If not, tap [Receive] to transfer funds. You can transfer from your Binance Exchange account, receive tokens from an external wallet, or buy crypto using Binance P2P.
Note that this is on the BNB Chain, so make sure you send funds to the correct address and network.
3. Search for Aster under the DApps category, and enable the Aster DEX on your Binance Wallet.
4. Check the disclaimer and terms and, if you agree, check the box and open the Aster DApp.
5. You might be asked to provide signatures to connect your wallet to Aster and enable trading.
6. Next, search for the oil futures contract within the Aster application. The ticker is CLUSDT.
7. Transfer the funds from your Binance Wallet to your Aster trading account (Perpetuals).
7. Done. You are ready to use the Aster DEX through the Binance Wallet.
How to Trade Crude Oil Futures via Binance Wallet (Web)
1. Log in to your Binance account and navigate to [Trade] → [DEX].
2. Connect your wallet account.
3. If this is your first time, you might be asked to enable the Secure Auto Sign.
If you already have it enabled, you might be asked to authorize the Web access using your Binance App.
4. If you already have funds in your Binance Wallet, move to the next step.
If not, you can send funds from your Binance exchange account or from an external wallet.
Note that this is on the BNB Chain, so make sure you send funds to the correct address and network.
5. Go to [Perpetuals] and search for CLUSDT.
6. Click [Transfer] to transfer funds from your Binance Wallet (BNB Chain) to the Aster Perpetuals trading account.
7. Confirm the transfer in your Binance App.
8. Done. You are ready to use the Aster DEX via the Binance Wallet.
Closing Thoughts
Trading commodities through Binance Wallet and Aster means no exchange hours, no middlemen, and everything settled on-chain. For traders who want commodity exposure without leaving the crypto ecosystem, the CLUSDT perpetual contract is worth watching. Just make sure you understand how these futures contracts work and the risks that come with leveraged trading before taking risks.
Further Reading
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