According to ChainCatcher, the digital asset trading platform Gate has launched a "Precious Metals Zone," initially offering XAU (gold) and XAG (silver) USDT-margined perpetual contracts. These contracts support leverage up to 50x and provide 24/7 trading. The contracts will be available from 17:00 (UTC+8) on January 14th. Users can access the zone through the Gate website or app to participate in trading.
In terms of product mechanism, the Gate Precious Metals Perpetual Contract Index is formed by referencing prices from multiple comprehensive precious metals trading markets, which improves pricing transparency and stability, provides a reliable price basis for contract trading, and takes into account both the pricing logic of traditional financial assets and the risk control needs of crypto market derivatives.
In a market environment where precious metal prices are rising and safe-haven properties coexist with volatility, Gate has introduced gold and silver into the crypto trading system in the form of standardized perpetual contracts, expanding the asset boundaries of crypto contracts and providing new tools for cross-market fund allocation and trading strategies.
Gate stated that it will continue to explore more ways to encrypt traditional assets in the future, and gradually enrich the trading scenarios of diversified derivatives such as indices and commodities under the framework of compliance and risk control.
