Gate.io launches spot margin trading
“As we continue introducing new features, such as Spot Margin Trading, we are proud to provide our users with greater opportunities in the global market. At Gate.io, we are dedicated to constantly expanding our users’ horizons.”
Gate.io has launched Spot Margin Trading to enable users to quickly and easily utilize margin for spot market trading.
The new feature is being rolled out to select users starting July 24 and will allow clients of the crypto exchange platform to borrow funds from within their spot account as long as they hold a minimum $10,000 in their account or have a VIP level 6 status.
Spot margin trading for greater returns…or losses
Spot margin trading can be temporarily enabled while placing a spot market order or permanently through the settings panel. Once it is on, users can access leverage and magnify their trading positions with only a fraction of the funds.
This will result in a massive increase in potential returns…or losses, including the risk of blowing one’s account.
Spot Margin Trading is available on 1000+ spot market trading pairs, which benefit from higher liquidity due to the increased market activity from margin traders. Users can tap into a wide variety of assets with high liquidity for any market situation.
Lin Han, Founder and CEO of Gate.io, said: “As we continue introducing new features, such as Spot Margin Trading, we are proud to provide our users with greater opportunities in the global market. At Gate.io, we are dedicated to constantly expanding our users’ horizons.”
Gate Wealth and Gate Visa debit card
In April, Gate.io launched Gate Wealth, a new wealth management product designed to provide professional, comprehensive, and customized wealth management services to global crypto investment users, helping them better manage their crypto assets.
Gate Wealth offers a wide range of investment tools and structured products with stable income and considerable return rates, including interval interest calculation, bilateral non-touch, snowball, and quantification. The platform also provides customized product solutions to meet users’ needs for income and asset protection and leverage ratio.
The firm’s Lithuania-based arm, Gate Global UAB, has also recently partnered with Visa to launch a debit card, available to only the European Economic Area (EEA) residents initially, with plans to expand to other regions.
The Gate Visa debit card allows users to pay using their crypto or cash balance wherever Visa debit cards are accepted. This should offer users convenience, reduced costs, and faster transactions across Visa’s entire partner network. Users are also entitled to a series of benefits, including cashback vouchers.
Gate-branded Visa debit cards make it faster for cryptocurrency users to sell their digital assets and push those funds to their Visa credentials in real-time, with much of this work happening through its FastTrack program.