On July 8, Gate is set to introduce its BOOM perpetual contract trading with USDT settlement, commencing at 20:05 (UTC+8). This launch will enable traders to access leverage ranging from 1x to 20x, offering enhanced flexibility in managing their positions. The addition of BOOM contracts reflects Gate’s commitment to expanding its derivatives portfolio, catering to sophisticated investors seeking diversified trading instruments. Market participants should consider the implications of leveraged trading, including risk management strategies, as they engage with these new contracts. This development underscores the growing trend of perpetual contracts gaining traction within the cryptocurrency derivatives market, providing continuous trading opportunities without expiry dates.
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