Gate expands TradeFi functionality to cover gold, forex, and popular stocks.

PANews reported on January 14th that the cryptocurrency trading platform Gate.com continues to expand its TradeFi functionality, opening up CFD trading services to users for traditional financial assets including gold, forex, indices, commodities, and some popular stocks. This feature marks Gate.com's further expansion of its product portfolio into the realm of traditional financial asset price trading.

According to reports, Gate TradFi contracts use USDx as the margin and account display unit, pegged 1:1 to USDT. Users can participate in trading simply by transferring USDT, without any additional exchange or transaction fees. This product follows traditional financial market trading rules, with fixed trading hours and fixed leverage ratios. Forex and indices support up to 500x leverage, while stock CFDs support up to 5x leverage. Margin is provided using a cross-margin system, allowing for hedging of long and short positions on the same trading pair. Transaction fees are as low as $0.018 per transaction.

At the system and risk control level, Gate TradFi provides trading services based on the MT5 system and adopts a margin ratio risk control mechanism, which will trigger forced liquidation when the account margin ratio drops to 50% or below.