- Gate.io delisted LAUSDT perpetual for market stability.
- Users protected from liquidation losses.
- Other major assets remain unaffected.
Gate.io, a global cryptocurrency exchange, unexpectedly delisted the LAUSDT perpetual contract on June 4, 2025. The platform bore all losses caused by liquidation to protect user assets.
Gate.ioโs decision aims for market stability, reflecting the platformโs commitment to user asset protection. The delisting had no broad implications for other major cryptocurrencies.
The cryptocurrency exchange suspended and delisted the LAUSDT perpetual futures contract. This action was intended to maintain market stability. As a direct result, all open positions were force-closed at market prices to mitigate any adverse impacts on users.
Gate.io handled the situation by absorbing losses from liquidations to prevent user disadvantages. According to the exchangeโs operations team, this measure was crucial in ensuring asset protection for account holders during the transaction.
Gate.io Operations Team: โSuspended and delisted the LAUSDT perpetual futures to maintain market stability. Closed all open futures positions at market price to protect user assets.โ โ Gate Announcement
The marketโs immediate reaction to the delisting has been muted, with no notable disruption to trading volumes on other assets. Significant cryptocurrencies like ETH and BTC remain unaffected, confirming the targeted nature of this delisting move.
Future expectations include a possible review of similar perpetual contracts as Gate.io aims to enhance their risk management framework. Historical precedents indicate this could align with broader industry practices on managing perpetual futures delicately.
Opinions among crypto market observers suggest no immediate financial downturn as the exchange contained the potential fallout. Gate.io demonstrates precedence in its operations, focusing on safeguarding user interests through strategic interventions like the LAUSDT contract removal.
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