Underlying reference B — ICE Brent Crude Futures, ICE Futures Europe (cash settlement against the ICE Brent Index)
Settlement On-chain · USDC-margined
About Brent Crude
Brent Crude (BRENT) is a commodity listed on Canborsa as a perpetual market. Traders can run long or short exposure at up to 20x, settled in USDC.
ICE Brent Crude Futures is the North Sea crude oil contract on ICE Futures Europe — 1,000 barrels per lot, deliverable by exchange of futures for physical with an option to cash settle against the ICE Brent Index — and the benchmark that crude flowing west out of Europe, Africa and the Middle East is priced against.