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Gate Launches PUMP 3x ETF Leveraged Tokens for Trading

Gate's new PUMP 3x ETF leveraged tokens, PUMP3L and PUMP3S, enable traders to take advantage of short-term price fluctuations with 3x leverage.

GT

Summary

Gate has officially launched the PUMP 3x ETF leveraged tokens, allowing users to trade PUMP3L for a 3x long position and PUMP3S for a 3x short position starting July 18. These tokens employ a perpetual contract hedging mechanism to effectively track daily price movements, making them suitable for short-term trading strategies.

Terms & Concepts
  • ETF (Exchange-Traded Fund): A type of investment fund that holds assets and is traded on stock exchanges, similar to stocks.
  • Leveraged Tokens: Cryptocurrency tokens that use financial derivatives and debt to amplify the returns of an underlying asset.
  • Perpetual Contract: A type of futures contract that does not have an expiration date, allowing for continuous trading.