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Gate Introduces TRADOOR and ASTER USDT-Settled Perpetual Contracts

Gate launches new perpetual contracts for TRADOORUSDT and ASTERUSDT with leverage options ranging from 1x to 20x, as part of their latest update.

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Summary

Gate has officially launched TRADOORUSDT and ASTERUSDT perpetual contracts, offering leverage from 1x to 20x. The contracts are settled in USDT and are available for both long and short positions. Trading parameters such as funding rates and leverage may be adjusted by Gate for optimal user experience.

Terms & Concepts
  • Perpetual Contract: A type of cryptocurrency derivatives contract without an expiry date, allowing traders to hold positions indefinitely while settling transactions on a regular basis.
  • USDT Settlement: A method in which trade profits and losses are calculated and paid out using Tether (USDT), a stablecoin pegged to the US dollar.
  • Leverage: A trading mechanism that allows traders to control a larger position with a smaller amount of capital, magnifying both potential gains and losses.