Gate Introduces Perpetual Contracts for C, VELVET, TAC with 1-20x Leverage

Gate, a leading cryptocurrency exchange, has introduced perpetual contract trading for three new digital assets: C, VELVET, and TAC. This initiative aims to enhance the trading experience by providing additional opportunities for users to engage with these assets. The perpetual contracts for C and VELVET are already active, offering leverage of 1-20x and settling in USDT. Additionally, perpetual contract trading for TAC will commence at 18:10 (UTC+8) on July 15, with the same leverage and settlement options.

Perpetual contracts are a type of derivative that allows traders to speculate on the price movements of an asset without an expiration date. This feature provides flexibility and continuous trading opportunities. By offering these contracts with leverage, Gate enables traders to amplify their potential profits, although it also increases the risk involved. The introduction of these new perpetual contracts is a strategic move by Gate to diversify its trading options and attract a broader range of traders.

These contracts provide a way to gain exposure to the price movements of C, VELVET, and TAC without the need to hold the underlying tokens. This can be particularly appealing to traders who are looking to capitalize on short-term price fluctuations or who prefer to use leverage to enhance their trading strategies. Gate's decision to support 1-20x leverage for these perpetual contracts reflects the exchange's commitment to providing robust trading tools for its users. Leverage allows traders to control a larger position with a smaller amount of capital, potentially leading to higher returns. However, it is important for traders to understand the risks associated with leveraged trading, as losses can also be magnified.

The launch of these new perpetual contracts is part of Gate's ongoing efforts to innovate and expand its product offerings. By continuously introducing new trading options, the exchange aims to stay competitive in the rapidly evolving cryptocurrency market. This move is expected to attract more users to the platform, as well as enhance the overall trading experience for existing users. In summary, Gate's launch of perpetual contract trading for C, VELVET, and TAC represents a significant development in the cryptocurrency trading landscape. By offering these new contracts with leverage, the exchange provides traders with additional opportunities to engage with these digital assets and capitalize on price movements. This move is likely to generate interest among traders and contribute to the growth of the platform.