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Gate.io Has Launched BCHA Perpetual Contract

2020-11-19 09:30:08Read:9651

Gate.io has added BCHA/USDT perpetual contract trading (USDT margin), supporting up to 20X leverage.
Trade BCHA/USDT perpetual contract at: https://www.gate.io/futures_trade/USDT/BCHA_USDT
You can also practice your skills at your demo account, risk free via:
https://www.gate.io/testnet/futures_trade/USDT/BCHA_USDT

About BCHA
The Nov 15th BitcoinCash (BCH) hard fork split Bitcoin Cash network into two new blockchains, Bitcoin Cash ABC (BCHA) and Bitcoin Cash Node (BCHN). The BCHN and nodes compatible with its protocol implementation won the majority support, using the symbol “ BCH”. The other chain, BCHA (supporting the 8% block reward for developers) now receives little hashing power, which is very likely to be 51% attacked in the future, just like what has happened to ETC.

Learn more about BCHA/USDT perpetual contract specifications:
https://www.gateio.pro/futures_market_info/usdt/BCHA_USDT/market_info

About Gate.io Perpetual Contract Market
Gate.io's perpetual contract market is the most active market in the world, with a daily volume up to 0.4 billion USDT. We have accumulated over 1000 BTC in our insurance fund to cover losses due to liquidation. We offer up to 100X leverage for BTC and support high leverage of 20X or 50X for a dozen of other assets, such as ETH,EOS,LTC,BCH,BSV and more. We use composite indices from several exchanges to mark liquidation, thus avoiding unnecessary liquidation. The futures market has been running stably and significantly reduced investors’ risk.
Please note, perpetual contracts are of high leverage and incur a high risk. Please trade within your financial capacity.

About Margin Currency Types in Gate.io Perpetual Contract Market
Currently, there are two margin currencies, BTC and USDT, in Gate.io perpetual contract markets. Based on the margin currency, we group perpetual contracts into two separate groups, USDTmargined perpetual Contracts and BTCmargined Perpetual respectively. To trade any BTC margined perpetual contract, you have to transfer in BTC to your BTC Perpetual Contracts Account as margin, where PNL is also settled in BTC. To trade any USDT margined perpetual contracts, you have to transfer in funds to your USDT Perpetual Contracts Account, where PNL is also settled in USDT. USDT margined perpetual, using a stablecoin as margin and currency to settle Profit and Loss, they eliminate the volatility in return caused by BTC price fluctuations, which are considered a better fit to beginners.


Gate.io is an established exchange that holds integrity, transparency, and fairness to a very high standard. We charge zero listing fees and only choose quality and promising projects. Our exchange consists only of 100% real trading volume. Thanks to everyone who has joined us in our journey. We always intend to improve and innovate to reward our users for their continuous support.



Gate.io Team
November 19, 2020


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