According to Gate’s official statement, the platform has added a USDT-settled pre-market contract tied to SpaceX’s Pre-IPO stage, expanding its digitalized pre-IPO offering with leveraged price discovery.
Gate said in an official announcement that it launched a SpaceX Pre-IPO stock pre-market contract settled in USDT with leverage ranging from 1x to 10x. According to the company, the contract is based on SpaceX’s current Pre-IPO stage and is designed to support market-based valuation and price discovery. The update adds a derivatives-style trading component to Gate’s existing digitalized Pre-IPO share participation initiative, which the platform previously said would allow users to subscribe using stablecoins.