Cryptocurrency exchange Gate.io has launched a 0% mixed collateral feature for its USDT Perpetual Contracts that reduces the risk of positions being forcefully liquidated.
Users on the platform are now able to borrow up to 100,000 USDT for contract trading using Bitcoin as collateral in their spot account, with 0% interest required.
The collateral amount of BTC will be deducted automatically from the user’s spot account, with no need to sell any BTC
Gate.io CMO, Marie Tatibouet, said: “The current world situation has impacted the global economy and the crypto industry. This is the time when the entire crypto community is aiming to introduce more diverse ways to trade.
“As a leading cryptocurrency exchange, we are constantly looking for innovative ways to diversify and improve our users’ trading experience and we are happy to launch the new Mixed Collateral feature to offer our users not only a new possibility in trading Perpetual Contracts but also an option to lower risks when doing so.
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“I think this is a great move to satisfy our user’s trading needs and open new alternatives for them and for everyone else who wants to join us.”
Gate.io’s motive behind the new feature is showing care for its customer’s financial well-being, with mixed collateral being different from margin borrowing as no interest is paid.
“BTC is the only collateral currency available for this feature at the moment, but currently our technology teams are working very hard to make more markets available soon,” Marie added.
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Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.