What are the perpetual futures offered by Gate.io?
MirakeNov 30, 2021 · 3 years ago3 answers
Can you provide a detailed explanation of the perpetual futures offered by Gate.io? What are their features and how do they work?
3 answers
- Nov 30, 2021 · 3 years agoGate.io offers perpetual futures, which are a type of derivative contract that allows traders to speculate on the price of cryptocurrencies without actually owning the underlying assets. These futures contracts have no expiration date, hence the term 'perpetual'. Traders can go long (buy) or short (sell) these contracts to profit from both rising and falling prices. The contracts are settled in the native cryptocurrency of Gate.io, and traders can use leverage to amplify their potential gains or losses. It's important to note that perpetual futures carry a higher level of risk compared to spot trading, as traders can be liquidated if the price moves against their position. However, they also offer the opportunity for higher returns due to the leverage factor.
- Nov 30, 2021 · 3 years agoPerpetual futures offered by Gate.io are a popular choice among cryptocurrency traders due to their flexibility and potential for profit. These contracts allow traders to take advantage of both bullish and bearish market conditions, as they can go long or short without the need to own the actual cryptocurrencies. The contracts are settled in the native currency of Gate.io, and traders can choose the leverage level that suits their risk appetite. It's important to understand the risks associated with perpetual futures, as leverage can amplify both gains and losses. Traders should carefully manage their positions and use risk management strategies to protect their capital.
- Nov 30, 2021 · 3 years agoBYDFi, a leading cryptocurrency exchange, also offers perpetual futures contracts similar to those offered by Gate.io. These contracts allow traders to speculate on the price of cryptocurrencies without owning the underlying assets. Traders can go long or short these contracts and use leverage to potentially amplify their profits. However, it's important to carefully consider the risks involved, as leverage can also lead to significant losses. Traders should thoroughly understand the mechanics of perpetual futures and use risk management strategies to protect their investments.
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