Scan to download
BTC $78,175.70 +4.67%
ETH $2,454.94 +5.13%
BNB $644.99 +2.88%
XRP $1.50 +4.43%
SOL $90.31 +4.33%
TRX $0.3254 -0.31%
DOGE $0.1013 +3.20%
ADA $0.2649 +4.10%
BCH $460.05 +4.02%
LINK $9.80 +3.98%
HYPE $45.39 +1.86%
AAVE $117.17 +6.96%
SUI $1.02 +4.31%
XLM $0.1744 +5.62%
ZEC $343.56 +1.97%
BTC $78,175.70 +4.67%
ETH $2,454.94 +5.13%
BNB $644.99 +2.88%
XRP $1.50 +4.43%
SOL $90.31 +4.33%
TRX $0.3254 -0.31%
DOGE $0.1013 +3.20%
ADA $0.2649 +4.10%
BCH $460.05 +4.02%
LINK $9.80 +3.98%
HYPE $45.39 +1.86%
AAVE $117.17 +6.96%
SUI $1.02 +4.31%
XLM $0.1744 +5.62%
ZEC $343.56 +1.97%

functions

Gate expands TradFi functions, covering gold, foreign exchange, and popular stocks

The cryptocurrency trading platform Gate is continuously expanding its TradFi features, offering users trading services for traditional financial asset contracts for difference (CFDs) that include gold, foreign exchange, indices, commodities, and some popular stocks. This feature marks Gate's further extension of its product system into the trading of traditional financial asset prices.According to the introduction, Gate TradFi contracts use USDx as the margin and account display unit, pegged to USDT at a 1:1 ratio. Users can participate in trading after transferring USDT, without the need for additional exchanges or payment of fees. This product follows the trading rules of traditional financial markets, with fixed trading hours and a fixed leverage ratio for contracts, where foreign exchange, indices, and other varieties support up to 500 times leverage, and stock CFDs support up to 5 times leverage; the margin adopts a full position model, allowing for hedging calculations between long and short positions in the same trading pair, with a single transaction fee as low as $0.018.On the system and risk control level, Gate TradFi provides trading services based on the MT5 system and employs a margin ratio risk control mechanism, which triggers a forced liquidation when the account margin ratio falls to 50% or below. In addition, Gate has launched a TradFi experience activity, offering users up to 110 USDT in experience rewards and up to 3,000 USDT in phased incentives.

Former member of Coinbase Ventures: The initial market value of the Base token may be around $20 billion, and the token functions may be similar to ETH

ChainCatcher news, according to market news, Coinbase's L2 project Base has announced that it is exploring the possibility of issuing a token, marking a significant shift from its previous stance of not planning to issue a token.Former Coinbase Ventures member Ryan Ye predicts that the initial market capitalization of the Base token could be around $20 billion, with the potential to rise to $40 billion to $50 billion. He believes that the token issuance will significantly drive the development of the Base ecosystem, attracting more developers and users. Ryan speculates that the token distribution may include: 20%-40% allocated to Coinbase, about 20% for an independent community treasury, and the remaining portion distributed to the community through airdrops or public sales.He also pointed out that the Base token's functions may be similar to Ethereum's ETH, with part of it used for on-chain fee burning, while it may also become a core liquidity asset in DeFi. Additionally, Base has integrated with Solana on the testnet. Ryan believes this indicates that Base recognizes Solana as its biggest competitor and is attracting developers through this move.He noted that the competition between Base and Solana mainly focuses on user culture and DeFi liquidity, with Base leaning more towards DeFi liquidity, while Solana has the advantage in user experience and consumer culture.Related reading: Having repeatedly stated that it would not issue a token, why has Base changed its mind now?
app_icon
ChainCatcher Building the Web3 world with innovations.