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Gate Lists YBU Perpetual Contracts with Up to 10x Leverage

Gate’s new offering includes EUL perpetual contracts settled in USDT with leverage options ranging from 1x to 20x, alongside the launch of Gate Perp DEX.

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Summary

Gate has officially launched EUL perpetual contract trading, offering leverage from 1x to 20x and settlement in USDT. The company also introduced Gate Perp DEX simultaneously, providing a decentralized exchange for these contracts.

Terms & Concepts
  • Perpetual Contract: A type of futures contract with no expiration date, allowing traders to hold positions indefinitely.
  • USDT Settlement: The process of settling trades using the stablecoin Tether (USDT), which is pegged to the US dollar.
  • Leverage: A trading mechanism that allows investors to control a larger position than their actual capital by borrowing funds.