Gate Lists ORCLX and PLTRX Perpetual Contracts with Up to 20x Leverage
Gate announced new CLANKER and BEAT perpetual contracts settled in USDT with leverage options from 1x to 20x, alongside the rollout of its live decentralized perpetual platform, Gate Perp DEX.
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Fact Check
The assessment is based on a single, highly authoritative primary source: the official X account for the platform Gate. The summary of the source's post directly and explicitly corroborates every element of the statement. It confirms that Gate announced the listing of perpetual contracts for the specific tickers ORCLX and PLTRX. Furthermore, it explicitly states the available leverage is 1-20x, which establishes the maximum leverage of 20x mentioned in the claim. As the information comes directly from the company making the announcement, and there is no conflicting evidence, the statement is considered highly credible.
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Summary
According to Gate’s official announcement, the exchange has listed CLANKER and BEAT perpetual contracts settled in USDT, offering leverage from 1x to 20x. This listing coincides with the launch of Gate Perp DEX, its decentralized perpetual trading platform now live, marking continued expansion of diversified leveraged products across centralized and decentralized environments.
Terms & Concepts
- Perpetual Contract: A type of futures contract in cryptocurrency trading with no expiry date, allowing positions to be held indefinitely.
- USDT Settlement: A contract settlement method where profits and losses are calculated in Tether (USDT), a stablecoin pegged to the U.S. dollar.
- Gate Perp DEX: Gate’s decentralized exchange platform specifically for perpetual derivatives trading.