Gate Launches ASP Perpetual Contract Trading with Up to 20x Leverage

Gate's introduction of ASP perpetual contracts, settled in USDT, marks a significant enhancement in trading options, enabling users to leverage their positions effectively.

USDT

280d ago

Summary

Gate has officially launched ASP perpetual contract trading, offering users the ability to use leverage of up to 20 times, settled in USDT. This new trading option aims to enhance the trading experience for users on the platform.

Terms & Concepts

ASP perpetual contract: A type of derivative contract that allows traders to speculate on the future price of an asset, with no expiration date.
USDT: Tether, a stablecoin pegged to the U.S. dollar, commonly used for trading in cryptocurrency markets.
Leverage: The use of borrowed funds to increase the potential return of an investment, allowing traders to control larger positions.