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    Gate.io Launches 3X-leveraged ETFs of BCH&LTC&XTZ

    Creation Time:2020-03-01 18:58:46 UTCRead:190471

    BCH3L is a 3X-long-BCH ETF and BCH3S is a 3X-short-BCH ETF, whose spread is approximately three times larger or smaller than that of BCH. LTC3L is a 3X-long-LTC ETF and LTC3S is a 3X-short-LTC ETF, whose spread is approximately three times larger or smaller than that of LTC. XTZ3L is a 3X-long-XTZ ETF and XTZ3S is a 3X-short- XTZ ETF, whose spread is approximately three times larger or smaller than that of XTZ.
    The leverage rate is corrected daily to remain leveraged at 3X through the rebalancing of the ETF products; users can easily trade on margin without paying any collateral. ETF products are governed as hedge funds in the Perpetual Contract market, which requires 0.3% daily management fees to cover the costs of the handling fees and market quotations arisen in the contract market (the management fees are deducted directly from the management funds, instead of the trading funds of the users). Except for the management fees, no extra contract funding rate is charged.
    ETF products are provided with optimized funds management, which strives to diminish the costs and risks in the margin trading. Please note that the price of these ETF products depends on their spread, irrespective of the price of their underlying token. Users can refer to the net value during trading. Currently, the launch is still at a testing stage. All users should be aware of possible large fluctuations in price and the high risks they bring, before commencing to trade.

    The Trading Time of 3X-leveraged ETFs of BCH&LTC&XTZ: UTC 6:00 March 2, 2020

    For web users:
    3X-leveraged BCH Trading Product
    Trade BCH3L at: https://www.gate.io/trade/BCH3L_USDT
    Trade BCH3s at: https://www.gate.io/trade/BCH3S_USDT

    3X-leveraged LTC Trading Product
    Trade LTC3L at: https://www.gate.io/trade/LTC3L_USDT
    Trade LTC3S at: https://www.gate.io/trade/LTC3S_USDT

    3X-leveraged XTZ Trading Product
    Trade XTZ3L at: https://www.gate.io/trade/XTZ3L_USDT
    Trade XTZ3S at: https://www.gate.io/trade/XTZ3S_USDT

    For app users, please enter “Market” for trading and enter “Wallets”- “Spot Account” for deposit.
    Risk warning: please note that prices fluctuate greatly in the cryptocurrency market, which means that 3x-leveraged ETF products bring greater risks. Users should be aware of the market risks and proceed with investments cautiously.

    Gate.io is a trading platform that does not charge listing fees, only launches quality projects, and provides users with 100% guaranteed and instant deposit-withdrawal services.

    Get 30% trading fee in the affiliate program at https://www.gate.io/myaccount/myreferrals

    Gate.io New Features:
    Spot Trading on Gate.io (200+ tokens):https://www.gate.io/trade/BTC_USDT
    Margin Trading on Gate.io (Long or Short):https://www.gate.io/margin_trade/BTC_USDT
    Perpetual Contract Trading:https://www.gate.io/futures_trade/BTC_USD
    Lending on Gate.io (secure and stable, high annual return):https://www.gate.io/margin/lend/USDT
    C2C Trading on Gate.io:https://www.gate.io/c2c/usdt_cny
    Download Gate.io APP:https://www.gate.io/mobileapp
    Download Wallet.io (ALL in ONE):https://www.wallet.io/

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    Gate.io
    March 2, 2020

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