Gate Launches COLLET Perpetual Contract Trading with USDT Settlement

According to Gate’s official announcement, COLLET perpetual contracts now offer USDT settlement with leverage from 1x to 20x, alongside the launch of Gate Perp DEX.

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Summary

Gate has officially launched COLLET perpetual contract trading, settled in USDT, with available leverage ranging from 1x to 20x. The announcement also introduced Gate Perp DEX, expanding the platform’s derivatives trading options. This product allows traders to manage positions with flexible leverage while utilizing the benefits of perpetual contracts that have no expiration date.

Terms & Concepts
  • Perpetual contract: A derivative product in cryptocurrency trading with no expiration date, allowing positions to be held indefinitely.
  • USDT (Tether): A stablecoin pegged to the U.S. dollar, widely used for trading and settlement in crypto markets.
  • Leverage: A trading feature that allows control of a larger position using borrowed funds, amplifying both potential gains and risks.