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Gate has officially announced the removal of the LAUSDT perpetual contract from its trading platform as of June 4th, citing significant discrepancies between the contract’s marked price and the prevailing market price. This decisive move includes the immediate suspension of all related trading activities to safeguard market integrity. The exchange has proactively closed all open positions and committed to absorbing any negative balances resulting from liquidations, ensuring that users are not held liable for these losses. According to the official release, this measure is designed to uphold a transparent trading environment and protect the security of user assets. Gate’s response underscores the importance of risk management in volatile crypto derivatives markets and reflects a commitment to maintaining investor confidence amidst pricing anomalies.
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