Gate Launches TAKE Perpetual Contract Trading with USDT Settlement

Gate introduces live trading for the STBLUSDT perpetual contract, offering leverage up to 20x and USDT settlement, enhancing derivative product offerings for users.

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Summary

Gate has launched live trading for the STBLUSDT perpetual contract, supporting leverage from 1x to 20x for both long and short positions. Traders can select leverage when placing orders, and the platform may adjust parameters like funding rates and margin to optimize risk management. This addition expands Gate’s suite of derivative products.

Terms & Concepts
  • Perpetual Contract: A type of derivative contract that allows traders to buy or sell an underlying asset without an expiry date, often used for speculation on price movements.
  • USDT Settlement: A form of settlement where the contract's profits and losses are settled in Tether (USDT), a stablecoin pegged to the US Dollar.