Gate.io’s Perpetual Contracts More Popular Than EverOctober 27, 2021
During Bitcoin’s most recent run which saw it break through its previous all-time high, trading volume on leading cryptocurrency exchange, Gate.io, surged during September and October.
The Securities and Exchange Commission (SEC) greenlit bitcoin futures ETFs on October 15th, in an industry first that has sent the leading cryptocurrency surging in recent weeks. Last week, the price of Bitcoin officially broke through $66,000 and surged to a new record all-time high. At the same time, the popularity of Gate.io’s Perpetual Contracts also reached a new high.
According to Coingecko, Gate.io is one of the leading cryptocurrency futures exchanges in the world. Gate.io’s 24-hour futures trading volume has exceeded $2.3 billion, and 24-hour futures holdings exceeded $1.4 billion. Among them, Gate.io’s Dogecoin holdings ranked first in the world, and both ETH and SHIB’s 24-hour trading volume ranked in the top 10.
What Does Gate.io Offer Futures Investors?
Gate.io Futures offers perpetual contract trading of several hundred different cryptocurrencies including BTC, ETH, EOS, LTC, BCH, BSV, and more. Altcoin trading is also one of the most popular offerings on Gate.io. Futures of SHIB, DOGE, SOL, and FIL have all proven successful on Gate.io’s exchange platform. Through continuous innovation and steady development, Gate.io’s Perpetual Contracts have become a leading service in the industry.
- Lower fee for the taker, 0.025% commission for the maker
When trading perpetual contracts on Gate.io, the taker fee is 0.075%, and the maker fee can be waived, with users even able to receive a 0.025% reward as makers. Gate.io’s futures trading fee rate is far lower than the market average. Novice users of Gate.io can enjoy the same low rates as other exchange whales. Increased Maker fee rewards attract traders to the platform, improving market depth and liquidity of futures while providing a better user experience.
- Insurance funds provide users with compensation for wear and tear
The Gate.io contract uses an insurance fund to ensure the successful completion of the liquidation process. When the loss of the position is greater than the margin, the insurance fund will cover the loss of the liquidation. The insurance fund comes from the surplus funds generated by the forced liquidation of the contract. When the position is forced into liquidation, the order is placed at the bankruptcy price, and the transaction is matched on the market. If the actual transaction price is better than the bankruptcy price, the resulting balance goes to the insurance fund.
- Two-way position holding mode
Perpetual contracts on Gate.io also support a two-way holding mode. Users can hold both long and short positions in a single contract. Instead of the usual ‘long’ and ‘short’ holding modes, Gate.io introduced four types of holding modes; ‘open long,’ ‘flat long,’ ‘open short’ and ‘flat short.’ The two-way, or dual-way, holding mode can only be enabled by the user themselves when they do not have any open contracts.
In addition to all the advantages of Gate.io’s perpetual contracts listed above, the platform also provides a flexible, high-frequency API, stable trading environment, powerful risk controls, and other sought-after features. Combined with perpetual contracts, these features offer users a robust trading system on a high-quality, leading exchange. No wonder perpetual contracts have joined Gate.io Startup as one of the platform’s most popular products.
Gate.io allows blockchain enthusiasts to trade and store assets in over 890 of the leading cryptocurrencies for over 6 million users from over 190 countries. The exchange offers spot, margin, futures, and contract trading in addition to DeFi products through HipoDeFi, custodial services through Wallet.io, investments through Gate Labs, and its dedicated GateChain platform. The company also offers a wholly integrated suite of products such as its Startup IEO platform, NFT Magic Box marketplace, crypto loans, and more.
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