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Gate to Launch IKA and TREE Perpetual Contracts on July 29, 2023

Gate introduces A2Z perpetual contract trading with leverage options up to 20X, enhancing user trading capabilities and set to debut UNITE contract.

USDT
GT

Summary

Gate has launched A2Z perpetual contract trading with USDT settlement, offering leverage between 1 to 20 times. The UNITE perpetual contract will also launch on July 30, 2023, at 18:10 (UTC+8), supporting the same leverage options.

Terms & Concepts
  • Perpetual Contracts: 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 the potential return of an investment, expressed as a ratio.
  • USDT: Tether, a stablecoin pegged to the US dollar, commonly used in cryptocurrency trading.