Phemex TradFi Crude Oil Trading Surges 300% as Ceasefire Volatility Sparks Record Demand

APIA, Samoa, April 9, 2026 /PRNewswire/ -- Phemex, a user-first crypto exchange, reported that crude oil perpetual futures volume on its TradFi platform surged over 300% week-over-week, as the US-Iran ceasefire announcement triggered the largest single-day oil price swing since the 1991 Gulf War.