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Gate Launches USDT-Margined TAC Perpetual Contract with 20X Leverage

Gate has expanded its trading offerings by introducing VELVETUSDT and CUSDT perpetual contracts with USDT margin and up to 20X leverage, enhancing market access for traders.

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Summary

Gate has introduced perpetual contracts for VELVETUSDT and CUSDT, both with USDT margin and supporting leverage of up to 20X. The funding interval for these contracts is every 4 hours, providing traders with flexible trading options. This move further diversifies Gate's trading platform, following the previous launch of TAC perpetual contracts.

Terms & Concepts
  • USDT: A stablecoin pegged to the US dollar, commonly used for trading and transactions in the cryptocurrency market.
  • perpetual contract: A type of futures contract that does not have an expiration date, allowing traders to hold positions indefinitely.
  • leverage: The use of borrowed funds to increase potential returns on investment, enabling traders to control larger positions with less capital.