08.07.2025 05:17

Gate.io is launching BOOM perpetual contracts, offering traders up to 20x leverage, starting July 8th at 20:05 UTC+8. This innovative addition to their platform will allow for more sophisticated trading strategies.

The new contracts, settled in USDT, provide traders with leverage options ranging from 1x to 20x, granting considerable flexibility in managing risk and potential gains. This expansion of Gate.io's derivatives offerings demonstrates their commitment to meeting the evolving demands of cryptocurrency investors.

While the increased leverage presents opportunities for significant profits, it's crucial for traders to understand and mitigate the associated risks. Careful risk management strategies are paramount when utilizing leveraged trading.

This launch highlights the burgeoning popularity of perpetual contracts in the cryptocurrency derivatives market. Their continuous trading without expiry dates provides a compelling alternative for investors seeking exposure to digital assets. The introduction of BOOM contracts by Gate.io further solidifies this trend.

Information regarding this launch was obtained from internet sources.