Gate Launches Event Contracts for BTC and ETH With 1.5 USDT Minimum on July 16

BTC-0.81%
ETH0.64%
According to Gate's official announcement on July 16, the platform launched event contracts, a new trading product designed for price direction speculation without leverage or margin requirements. Users can access the product via Gate App (v8.28.5) contract section and simply predict whether BTC or ETH will rise or fall within specified timeframes (5 minutes, 15 minutes, 1 hour, or 4 hours). Event contracts use probability-based pricing between 0.01 and 0.99 USDT per contract with a minimum trading amount of just 1.5 USDT. Unlike traditional futures, event contracts carry no liquidation risk, with maximum losses capped at the initial purchase amount. Winning positions settle at 1 USDT per contract with no settlement fees.
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