Gate to Launch Bluwhale AI Perpetual Contract with Up to 20x Leverage
The exchange will list BLUAI’s USDT-settled perpetual contract and introduce Gate Perp DEX, expanding trading options on October 21.
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Summary
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Terms & Concepts
- Perpetual Contract: A type of futures contract without an expiration date, allowing traders to hold positions indefinitely while settling differences daily.
- Leverage: The use of borrowed funds to increase trading position size, amplifying both potential gains and losses.
- USDT-Settled Contract: A derivatives contract where profits and losses are settled in Tether (USDT), a stablecoin pegged to the US dollar.