Gate Lists ZKWASM Perpetual Contracts With 1-20x Leverage

Gate, a prominent cryptocurrency exchange, has announced the listing of ZKWASM perpetual contract trading. This development is set to commence at 20:10 on July 22 (UTC+8), with support for 1-20x leverage and USDT settlement. This move is part of Gate's broader strategy to expand its trading options and attract more users to its platform.

The introduction of ZKWASM perpetual contracts allows traders to speculate on the price movements of ZKWASM without the need to own the underlying asset. This type of derivative is popular among traders seeking to capitalize on short-term price fluctuations, as it does not have an expiration date. The listing of ZKWASM perpetual contracts on Gate is expected to enhance the asset's visibility and attract more traders to the platform, further boosting its popularity.

In addition to the perpetual contract listing, Gate has also announced a HODLer airdrop for ZKWASM spot trading. This airdrop is designed to reward users who hold ZKWASM on the platform, providing them with additional incentives to participate in the market. The airdrop is anticipated to further stimulate interest in the asset and draw more users to the platform.

This development is part of a broader trend in the cryptocurrency market, where exchanges are increasingly offering a wider range of trading products to attract more users. The listing of ZKWASM perpetual contracts on Gate is a testament to the growing popularity of ZKWASM, as it provides traders with a new avenue to engage with the asset and potentially profit from its price movements. As the cryptocurrency market continues to evolve, it is likely that more exchanges will follow suit, offering an even wider range of trading products to cater to the diverse needs of traders.