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Gate Announces Launch of PUMP Trading and Airdrop Event

Bitget introduces U-based PUMP perpetual contracts with leverage options and a trading bot, enhancing user engagement and trading capabilities.

GT

Summary

Bitget has officially launched U-based PUMP perpetual contracts, offering leverage options from 1 to 20 times. A trading bot for the contracts will also be available, with spot trading channels set to open at 01:30.

Terms & Concepts
  • Perpetual Contract: A type of derivative that allows traders to buy or sell an asset without an expiration date, enabling continuous trading.
  • Trading Bot: Automated software that executes trades on behalf of users based on predefined criteria.
  • Leverage: The use of borrowed funds to increase the potential return on investment, allowing traders to control larger positions.