Gate Introduces Precious Metals and Snowball Perpetual Contracts

Gate expands its trading platform with Snowball USDT perpetual contracts offering up to 20x leverage and launches Gate Perp DEX, alongside existing gold and silver contracts.

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Summary

Gate has officially expanded its derivatives offerings by launching Snowball perpetual contracts settled in USDT with 1–20x leverage. This addition comes alongside the introduction of Gate Perp DEX, according to the company’s official announcement. The move builds on its January 14 launch of XAU (gold) and XAG (silver) USDT perpetual contracts with up to 50x leverage and composite market pricing. Gate aims to enhance product diversity and attract traders with both traditional asset-linked derivatives and novel crypto instruments.

Terms & Concepts
  • Perpetual contracts: Futures-like derivative instruments with no expiration date, allowing continuous trading of an asset.
  • Leverage: The use of borrowed capital to amplify potential gains or losses in trading.