December 13, 2021 – Singapore, Singapore
Gate.io, one of the world’s leading cryptocurrency trading platforms, has announced plans to launch one of the world’s first crypto futures contract trading contests. The platform, established in 2013, has recently grown to become the sixth-largest crypto futures trading platform in the world, and to celebrate, will be giving away $2 million in prizes during their upcoming campaign.
Marie Tatibouet, chief marketing officer of Gate.io, said,
“Gate.io has spent years building a comprehensive crypto trading platform. Although most users prefer spot trading, over recent months the popularity of our futures trading platform has skyrocketedand as such, we’ve focused on expanding our offerings while adding new features to the platform.”
Gate.io perpetual contracts
Contract trading is a popular offering mainly due to the leverage amplification opportunities which allows access to quick profits. Building on the success of Gate.io’s spot and futures trading, the company launched perpetual contracts as part of its contract trading services.
Perpetual contracts allow users to trade futures contracts with higher leverage than most competing platforms, while offering relatively fewer risks. Gate.io’s perpetual contracts have an insurance fund of over 1,000 BTC and offers varying leverage trading options, such as up to 100x leverage on Bitcoin and up to 20x leverage on hundreds of other popular cryptocurrencies such as ETH, EOS, LTC and more in both long and short positions.
Since first being offered three years ago, perpetual contracts on Gate.io have become one of the most popular trading features offered on the platform. Perpetual contracts use a global, multi-platform integrated price indicator to determine the closing price of each asset, ensuring fair market analytics with pinpoint accuracy. Additionally, there are several other advantages to trading perpetual contracts on Gate.io, including low trading fees, different trading pairs on offer, regular contract bonuses and more.
$2 million and the world’s first contract trading championship
The contract trading championship will initially start on December 15, 2021. To give more users the opportunity to participate, the championship will start off with early bird registration. The championship will have a dynamic prize pool of $2 million and will consist of group and individual competitions with NFT rewards and voting rewards. Contract users worldwide can register through the official tournament website to easily qualify for the tournament.
Gate.io is a leading cryptocurrency exchange with over eight million users in 190 countries across the globe. The exchange offers nearly 1,200 tokens on 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.
Diksha Sharma, head of PR and communications at Gate.io