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Gate.io > Help Center > Announcements > Latest announcement

Gate.io Has Added ZKSwap(ZKS)Perpetual Contract

2021-02-23 19:55:37Read:18070 Tags:ZKS

Gate.io has added ZKS/USDT perpetual contract trading (USDT margin), supporting up to 20X leverage.
Trade ZKS/USDT perpetual contract at: https://www.gate.io/futures_trade/USDT/ZKS_USDT

You can also practice your skills at your demo account, risk free via:
https://www.gate.io/testnet/futures_trade/USDT/ZKS_USDT

About ZKSwap (ZKS)
ZKSwap (a ZK-Rollups based Swap protocol) is a brand-new exchange proto- col based on ZK-Rollups technology. Through Zk-Rollups technology, all ERC20 tokens are transferred to Layer2, and the consistent state of Layer1 and Layer2 is guaranteed based on continuously generated zero-knowledge proofs. This so- lution allows all exchanges to ute on Layer 2, achieving real-time swap with zero gas fees, unlimited scalability, removing the constraint from the Ethereum’s TPS, and block confirmation time. The user no longer has to wait for the one- block confirmation time for each transaction. ZKSwap enables a DEX to provide the smooth user experience of a centralized exchange(CEX) while allowing the users to have full custody over their funds.

Learn more about ZKS/USDT perpetual contract specifications:
https://www.gate.io/futures_market_info/usdt/ZKS_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
Feb 23 , 2021


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