According to the Gate News bot message, the official announcement from Gate on July 1, 2025:
Gate will launch the FRAG perpetual contract spot trading on July 1, 2025, at 16:35 ( UTC+8. The contract will be settled in USDT.
The contract will support 1-20x leverage trading, allowing users to go long and short. The specific trading parameters of the contract, including funding rate, minimum tick size, maximum leverage, risk limit, and maintenance margin, will be dynamically adjusted based on market conditions.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.