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Gate Launches USDT-Settled BMNR Perpetual Contract With Up to 20x Leverage

Gate Launches USDT-Settled BMNR Perpetual Contract With Up to 20x Leverage

According to Gate’s official statement, the exchange will launch BitMine (BMNR) perpetual futures trading settled in USDT, with leverage from 1x to 20x starting March 18 at 18:00 UTC+8.

USDT
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Fact Check
The claim is directly supported by a primary news report from PANews (https://www.panewslab.com/zh/articles/019d0050-c5e6-7590-8642-debe88857f43) which cites Gate's official announcement. The details regarding the asset (BMNR), leverage (20x), settlement (USDT), and launch time (March 18, 18:00 UTC+8) all match perfectly.
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Summary

Gate said in an official announcement that it will launch BitMine (BMNR) perpetual futures trading with USDT settlement and leverage ranging from 1x to 20x. The exchange scheduled the product launch for March 18 at 18:00 (UTC+8) and said the contract will be listed in its contract stock zone.

Terms & Concepts
  • Perpetual futures: A crypto derivatives product without an expiry date that allows traders to speculate on asset price movements over time.
  • USDT: A U.S. dollar-pegged stablecoin issued by Tether that is widely used for trading and settlement on crypto exchanges.
  • Leverage: A trading feature that enables users to control a larger position with less capital, increasing both potential profits and losses.