MF Markets Adds New York Harbor Diesel Futures
The decentralized platform now lists a perpetual futures contract on New York Harbor ultra-low sulfur diesel priced in U.S. dollars per gallon.
Updated on Nov. 4, 2026 in Stock Markets
MF Markets, a self-custodial perpetual futures platform operated by MANTRA SPC, has launched a permissionless perpetual market for New York Harbor ultra-low sulfur diesel priced in U.S. dollars per gallon. The platform also offers leverage of up to 40x on selected markets, with positions collateralized in USDC.
Why it matters
New York Harbor ULSD is a key U.S. pricing benchmark for distillate fuels, and the contract brings exposure to that benchmark onto an onchain venue. The launch extends onchain derivatives trading into a commodity market that has historically traded on NYMEX and ICE.
The platform allows leverage of up to 40x on selected markets, with positions backed by USDC collateral. No trading volume, open interest, or price levels for the diesel contract were disclosed at launch.
The players
MANTRA SPC
MANTRA SPC is the company that operates MF Markets, a self-custodial perpetual futures platform.
The details
Orders on MF Markets are executed onchain against a public order book where anyone can see bids and asks. Users sign each transaction from their own wallets rather than depositing funds with a centralized exchange, and the MANTRA token is linked to platform fees.
Timeline
November 4, 2026: MF Markets announced the launch of its New York Harbor diesel perpetual market.
Market Dynamics
New York Harbor ULSD has historically been traded on NYMEX and ICE, the centralized exchanges that have long set U.S. distillate fuel price discovery. MF Markets' listing places a version of that benchmark on a decentralized order book, extending onchain derivatives into commodity pricing.
Traders can take leveraged positions of up to 40x on the diesel market using USDC collateral, which magnifies both gains and losses. Anyone considering the market should weigh that leverage against the volatility typical of fuel prices.
The takeaway
Leverage of up to 40x magnifies both gains and losses, so the risk profile of a new contract deserves careful review before trading. Verify the market's liquidity and fees on the platform itself before committing capital.
Further reading
Explore more in Stock Markets coverage for context on how commodity contracts trade.
Source note: This article includes information reported by Crypto Briefing.
