Futures are heating up on Gate.io. The global cryptocurrency exchange ranks 6th according to CoinMarketCap’s ranking of derivatives exchanges. With the successful launch of the portfolio margin account feature and the $5 million trading contest WCTC, Gate.io recently reached $5.1 billion in daily futures trading volume. Here are the details…
Gate.io exchange’s famous Trade Contest World Cup (WCTC)
The World Cup Trading Competition (WCTC), hosted by Gate.io, enabled participants from around the world to compete to claim the title of best perpetual futures trader. More than 4000 traders and 48 teams participated in the competition. One user topped the charts for the solo competition with a staggering $330,000 total profit. Another user earned $2,880 and $720 respectively, making a profit of over 2,000 percent.
The competition was a success and brought together thousands of traders from all over the world in a friendly competition that brought in total prizes of over $60,000. For the next Trading Challenge World Cup, Gate.io will raise the bar. It will increase the total prize pool several million times. The current maximum prize pool is already quite large: $5 million. The increase therefore signals a bold move. Next season’s competition is about to begin.
It’s all about expanding the use of capital
Gate.io’s Portfolio Margin Account brings new levels of capital utilization to traders. This new feature eliminates capital isolation with the Classic Account feature. Traders can now use multi-currency margin sharing across multiple products. That is, the margin is shared between the margin trading and perpetual accounts. The main advantages of the new feature are that there is no need to transfer funds between different accounts.
Also, the profit and loss of positions between different trading products can balance each other out. For example, traders can use assets in a cross margin account to open a position in a USD-backed perpetual contract. Additionally, for hedging, margin adjustments are reduced in volatile markets. With the Portfolio Margin Account, investors can hedge various risks across their entire portfolio.
A comprehensive toolset that took nine years to build
Gate.io’s futures products offer the industry’s most robust tools and features to help investors maximize their portfolios. With its nine years of safe and stable service history, the platform; It boasts minimal fees, zero pending order commissions, and a tiered discount system. It maintains a high level of liquidity and market depth.
Traders have access to highly leveraged perpetual contracts on USDT, USD and BTC pairs up to 100x in BTC and 20x in hundreds of other assets. In addition, there are delivery contracts on USDT and BTC pairs. There are also quantitative strategy tools such as grid trading and a copy trading strategy platform.
Gate.io adapted for all skill levels
For novice traders, the Gate.io Point system reduces commission by up to 30 percent. Also, new traders can benefit from trading simulations, contract bonuses and educational resources. In contrast, professional traders can use the tiered VIP system, which significantly reduces fee rates. For example, a trader uses the following expressions:
Gate.io helped me become the trader I am today. I started my futures trading journey at Gate.io using the points system and copy trading strategies of others. From here I became a newcomer contributing their own strategies and starting to move up to the VIP tier.
Also, advanced traders can put their expertise to work on Gate.io’s Strategy platform. They can become strategy creators, earning a share by copying their strategies. Alternatively, novice traders can benefit from proven strategies put forth by the creators.
Nine years of evolution
Gate.io’s continuous improvement of its products, as well as competitive discounts and incentives for new and experienced traders, solidifies the exchange as one of the leading platforms for futures trading. Additionally, the Portfolio Margin Account offers investors new ways to increase their use of capital. It only takes one more step in the evolution of the stock market.
Beyond that, the exchange has not lost any user presence since its inception in 2013. It has one of the largest selection of trading tools and cryptocurrencies on any major exchange. As a result, Gate.io continues to climb higher in the rankings and top the derivatives rankings despite the ongoing bear market.
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