Gate.io Adds 2 Assets to 'Perpetual Contracts' Product
- Gate.io's perpetual contracts product was originally launched earlier this week.

On a blog post published on January 18, cryptocurrency exchange Gate.io reported the launch of ‘Perpetual Contract Trading’ for two new assets, XMR and XLM.
According to the post, perpetual contracts grant investors the ability to profit off of selling digital assets either short or long, similar to futures contracts. Unlike futures contracts, however, perpetual contracts have no expiration date.
At the moment, the maximum deposit for each investor is just 1 BTC. However, “it can be raised according to the market risk and rank of the investor in the future,” the post explained.
Perpetual contracts were launched on Gate.io’s Android app earlier this week on January 16, offering options in BTC, ETH, EOS, XRP, BCH, BSV, LTC, ADA, and TRX.
A similar product was launched on Shanghai-based cryptocurrency exchange OKEx in December. “Perpetual Swap works similarly to futures contracts. However, there is no expiry and settlement occurs daily, allowing traders to withdraw their profits on a daily basis,” Finance Magnates reported at the time.
Gate.io Recovers from Recent Loss of Funds in Ethereum Ethereum Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, called Turing Complete, which is used to build the dapps. Dapps run on a peer-to-peer (P2P0 network of virtual machines. These can be just about anything and are optimized to run on Smart Contracts. Smart Contracts are pieces of code that execute a predetermined set of actions once a certain set of criteria are met. The Ethereum network’s native currency is called Ether, or ETH. ETH tokens can be used to pay for things inside of dapps or to receive payouts from smart contracts. They can also be traded off of the Ethereum network inside of cryptocurrency exchanges or OTC trading platforms. For most of its lifetime, Ethereum has remained as the second-largest and most popular cryptocurrency in terms of its market cap. It was briefly outpaced by Bitcoin Cash near the end of 2017.Ethereum’s origin dates back to late 2013 when crypto researcher and programmer Vitalik Buterin proposed its utility.Its development was subsequently funded by an online crowdsale that took place in the middle of 2014 before going live in July 2015. At its inception, Ethereum went live with 72 million coins minted, accounting for approximately 65 percent of its total circulating supply as of May 2020.Like other cryptos, Ethereum has had a checkered past, resulting in splits. Back in 2016, an exploited vulnerability in The DAO project's smart contract software caused the theft of $50 million worth of ether.As a result, Ethereum was split into two separate blockchains – a newer and separate version became known as Ethereum (ETH), while the original chain continued to be known as Ethereum Classic (ETC). Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, called Turing Complete, which is used to build the dapps. Dapps run on a peer-to-peer (P2P0 network of virtual machines. These can be just about anything and are optimized to run on Smart Contracts. Smart Contracts are pieces of code that execute a predetermined set of actions once a certain set of criteria are met. The Ethereum network’s native currency is called Ether, or ETH. ETH tokens can be used to pay for things inside of dapps or to receive payouts from smart contracts. They can also be traded off of the Ethereum network inside of cryptocurrency exchanges or OTC trading platforms. For most of its lifetime, Ethereum has remained as the second-largest and most popular cryptocurrency in terms of its market cap. It was briefly outpaced by Bitcoin Cash near the end of 2017.Ethereum’s origin dates back to late 2013 when crypto researcher and programmer Vitalik Buterin proposed its utility.Its development was subsequently funded by an online crowdsale that took place in the middle of 2014 before going live in July 2015. At its inception, Ethereum went live with 72 million coins minted, accounting for approximately 65 percent of its total circulating supply as of May 2020.Like other cryptos, Ethereum has had a checkered past, resulting in splits. Back in 2016, an exploited vulnerability in The DAO project's smart contract software caused the theft of $50 million worth of ether.As a result, Ethereum was split into two separate blockchains – a newer and separate version became known as Ethereum (ETH), while the original chain continued to be known as Ethereum Classic (ETC). Read this Term Classic Network Attack
The addition of the new assets into Gate.io’s perpetual contracts is positive news for the exchange after what has been a rather rough month. On January 7, the exchange published a report saying that the 51% attack that had hit the Ethereum Classic network had taken a heavy toll. The exchange lost more than $271,000 as a result of the attack.
Then, a week later, Gate.io published news that $100,000 of the missing funds had allegedly been returned by the hacker to the exchange.
The recent ETC 51% hacker has returned $100k worth of ETC back to https://t.co/8kWqgDWNXb on the 10th of January. We have raised the ETC confirmation number to 4000 and launched a strict 51% detection for enhanced protection.
See details: https://t.co/xX8cVIWdC2 pic.twitter.com/MUQX3hpMPV — gate.io Exchange (@gate_io) January 12, 2019
On a blog post published on January 18, cryptocurrency exchange Gate.io reported the launch of ‘Perpetual Contract Trading’ for two new assets, XMR and XLM.
According to the post, perpetual contracts grant investors the ability to profit off of selling digital assets either short or long, similar to futures contracts. Unlike futures contracts, however, perpetual contracts have no expiration date.
At the moment, the maximum deposit for each investor is just 1 BTC. However, “it can be raised according to the market risk and rank of the investor in the future,” the post explained.
Perpetual contracts were launched on Gate.io’s Android app earlier this week on January 16, offering options in BTC, ETH, EOS, XRP, BCH, BSV, LTC, ADA, and TRX.
A similar product was launched on Shanghai-based cryptocurrency exchange OKEx in December. “Perpetual Swap works similarly to futures contracts. However, there is no expiry and settlement occurs daily, allowing traders to withdraw their profits on a daily basis,” Finance Magnates reported at the time.
Gate.io Recovers from Recent Loss of Funds in Ethereum Ethereum Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, called Turing Complete, which is used to build the dapps. Dapps run on a peer-to-peer (P2P0 network of virtual machines. These can be just about anything and are optimized to run on Smart Contracts. Smart Contracts are pieces of code that execute a predetermined set of actions once a certain set of criteria are met. The Ethereum network’s native currency is called Ether, or ETH. ETH tokens can be used to pay for things inside of dapps or to receive payouts from smart contracts. They can also be traded off of the Ethereum network inside of cryptocurrency exchanges or OTC trading platforms. For most of its lifetime, Ethereum has remained as the second-largest and most popular cryptocurrency in terms of its market cap. It was briefly outpaced by Bitcoin Cash near the end of 2017.Ethereum’s origin dates back to late 2013 when crypto researcher and programmer Vitalik Buterin proposed its utility.Its development was subsequently funded by an online crowdsale that took place in the middle of 2014 before going live in July 2015. At its inception, Ethereum went live with 72 million coins minted, accounting for approximately 65 percent of its total circulating supply as of May 2020.Like other cryptos, Ethereum has had a checkered past, resulting in splits. Back in 2016, an exploited vulnerability in The DAO project's smart contract software caused the theft of $50 million worth of ether.As a result, Ethereum was split into two separate blockchains – a newer and separate version became known as Ethereum (ETH), while the original chain continued to be known as Ethereum Classic (ETC). Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, called Turing Complete, which is used to build the dapps. Dapps run on a peer-to-peer (P2P0 network of virtual machines. These can be just about anything and are optimized to run on Smart Contracts. Smart Contracts are pieces of code that execute a predetermined set of actions once a certain set of criteria are met. The Ethereum network’s native currency is called Ether, or ETH. ETH tokens can be used to pay for things inside of dapps or to receive payouts from smart contracts. They can also be traded off of the Ethereum network inside of cryptocurrency exchanges or OTC trading platforms. For most of its lifetime, Ethereum has remained as the second-largest and most popular cryptocurrency in terms of its market cap. It was briefly outpaced by Bitcoin Cash near the end of 2017.Ethereum’s origin dates back to late 2013 when crypto researcher and programmer Vitalik Buterin proposed its utility.Its development was subsequently funded by an online crowdsale that took place in the middle of 2014 before going live in July 2015. At its inception, Ethereum went live with 72 million coins minted, accounting for approximately 65 percent of its total circulating supply as of May 2020.Like other cryptos, Ethereum has had a checkered past, resulting in splits. Back in 2016, an exploited vulnerability in The DAO project's smart contract software caused the theft of $50 million worth of ether.As a result, Ethereum was split into two separate blockchains – a newer and separate version became known as Ethereum (ETH), while the original chain continued to be known as Ethereum Classic (ETC). Read this Term Classic Network Attack
The addition of the new assets into Gate.io’s perpetual contracts is positive news for the exchange after what has been a rather rough month. On January 7, the exchange published a report saying that the 51% attack that had hit the Ethereum Classic network had taken a heavy toll. The exchange lost more than $271,000 as a result of the attack.
Then, a week later, Gate.io published news that $100,000 of the missing funds had allegedly been returned by the hacker to the exchange.
The recent ETC 51% hacker has returned $100k worth of ETC back to https://t.co/8kWqgDWNXb on the 10th of January. We have raised the ETC confirmation number to 4000 and launched a strict 51% detection for enhanced protection.
See details: https://t.co/xX8cVIWdC2 pic.twitter.com/MUQX3hpMPV — gate.io Exchange (@gate_io) January 12, 2019