- Gate.com starts ZEC and DASH perpetual trading with leverage up to 50x.
- The launch enhances trader options without involving direct funding shifts.
- Potential market reactions include short-term volume changes for ZEC and DASH.
Gate.com has officially launched ZEC and DASH perpetual contracts, accommodating leverage from 1x to 50x. These contracts, settled in USDT, are accessible on both the main platform and Gate Perp DEX, potentially influencing trading volume and liquidity.
Gate.com officially initiated trading for ZEC and DASH perpetual contracts, settling in USDT, with leverage options up to 50x across its main platform and Gate Perp DEX.
Gate.com’s introduction of perpetual contracts for ZEC and DASH allows for advanced trading strategies such as hedging. The trading volume may increase for both cryptocurrencies, affecting their short-term liquidity and market dynamics.
Gate.com, under the leadership of Founder and CEO Dr. Lin Han, is expanding its product offerings by launching ZEC and DASH perpetual contracts. These include high leverage options, which could attract diverse trader demographics.
“Gate.com has launched trading in ZEC and DASH perpetual contracts, supporting leverage from 1 to 50 times. It has also launched Gate Perp DEX.” – Gate.com Announcement
The launch does not involve direct funding allocations or grants. It might stimulate speculative trading activities. However, no immediate shifts in Total Value Locked (TVL) or significant liquidity changes for ZEC and DASH have been observed.
Historically, perpetuals for privacy coins like ZEC and DASH have faced regulatory pressures. Their reintroduction on Gate.com suggests a possible shift in risk appetite or a strategic move to meet user demand.
No prevailing commentary has emerged from crypto leaders or regulatory bodies concerning this launch. Developer and community reactions remain minimal, with no notable activities on platforms like GitHub or Reddit as yet.
The contracts may lead to market volatility and speculative flows. Historically, regulatory challenges have impacted privacy coins. The launch might hint at new tolerance levels for cryptocurrency exchanges like Gate.com, adapting to user demands.
