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Gate Introduces OPN Perpetual Contract Pre-Trading with USDT Settlement

Gate Exchange now offers 1x–10x leverage on newly launched OPN perpetual contract pre-trading, expanding its crypto derivatives product range.

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Summary

According to the company’s official statement, Gate has launched pre-market trading for its OPN perpetual contract settled in USDT. The product supports leverage from 1x to 10x, allowing traders to adjust risk and return levels. This addition strengthens Gate’s derivatives portfolio and provides flexible leveraged exposure to OPN price movements.

Terms & Concepts
  • Perpetual Contract: A type of futures contract without an expiry date, enabling traders to hold positions indefinitely while funding rates maintain price alignment.
  • USDT Settlement: The process of settling trades or contracts in Tether (USDT), a stablecoin pegged to the U.S. dollar to reduce volatility in settlement values.
  • Leverage: The use of borrowed capital to increase the potential return on investment, expressed as a multiple of the trader’s own capital.