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Gate Introduces NOMUSDT Perpetual Contract with Up to 20x Leverage

Bitget launches USDT-margined NOM perpetual contracts and introduces BOT contract trading, expanding its derivatives product lineup with high-leverage options.

USDT

Summary

Bitget has launched USDT-margined NOM perpetual contracts with leverage ranging from 1x to 75x, enhancing traders' flexibility and risk management capabilities. The platform also introduces BOT contract trading, further expanding its derivatives offerings to cater to diverse trading strategies.

Terms & Concepts
  • Perpetual Contract: A type of futures contract with no expiry date, allowing traders to hold positions indefinitely while paying funding fees.
  • USDT Settlement: A trading arrangement where profits and losses are calculated and settled in Tether (USDT), a U.S. dollar-pegged stablecoin.
  • Leverage: A trading feature that enables users to control a larger position size with a smaller amount of capital, amplifying both gains and losses.