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Gate to Launch USDT-Margined PAL Perpetual Contract with 20X Leverage

Gate will introduce the USDT margined BOOM perpetual contract, offering up to 20X leverage starting July 8, 2025, with adjustable trading parameters based on market conditions.

USDT
GT

Summary

Gate will launch the USDT margined BOOM perpetual contract (BOOMUSDT) on July 8, 2025, allowing up to 20X leverage. The start time may be postponed due to early price volatility. Gate reserves the right to adjust trading parameters to manage risks and enhance user experience.

Terms & Concepts
  • Perpetual Contract: A type of futures contract that does not have an expiration date, allowing traders to hold positions indefinitely.
  • USDT: Tether (USDT) is a stablecoin pegged to the US dollar, commonly used in cryptocurrency trading.
  • Leverage: The use of borrowed funds to increase potential returns on an investment, expressed as a ratio.