Gate Introduces DeepNode and Life K-Line Perpetual Contracts with Up to 20x Leverage

Gate has expanded its derivatives lineup with the launch of Life K-Line USDT-settled perpetual contracts and the simultaneous rollout of Gate Perp DEX, offering traders up to 20x leverage.

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Summary

Gate announced the launch of Life K-Line perpetual contract trading on January 11, offering USDT-settled contracts with leverage from 1x to 20x. The rollout coincided with the official launch of Gate Perp DEX, enhancing the platform's derivatives trading options. This follows the January 10 introduction of DeepNode perpetual contracts, also USDT-settled with up to 20x leverage, and accompanied by features like unified account lending, margin trading pairs, DN Earn, flexible and fixed collateral borrowing, instant swap, trading bot, copy trading, and dollar-cost averaging tools.

Terms & Concepts
  • Perpetual contracts: A type of futures contract without an expiration date, allowing continuous trading with leverage.
  • USDT: Tether, a stablecoin pegged to the value of the U.S. Dollar, commonly used for settlement in crypto trading.
  • Leverage: The use of borrowed funds in trading to increase exposure to an asset, amplifying potential gains or losses.