Gate Launches 3X-leveraged ETFs of ETH & EOS & BSV

ETH3L is a 3X-long-Ethereum ETF and ETH3S is a 3X-short-Ethereum ETF, whose spread is approximately three times larger or smaller than that of ETH. EOS3L is a 3X-long-EOS ETF and EOS3S is a 3X-short-EOS ETF, whose spread is approximately three times larger or smaller than that of EOS. BSV3L is a 3X-long-BSV/BCHSV ETF and BSV3S is a 3X-short- BSV/BCHSV ETF, whose spread is approximately three times larger or smaller than that of BSV/BCHSV.
The leverage rate is corrected daily to remain leveraged at 3X through the rebalancing of the ETF products; users can easily trade on margin without paying any collateral. ETF products are governed as hedge funds in the Perpetual Contract market, which requires 0.3% daily management fees to cover the costs of the handling fees and market quotations arisen in the contract market (the management fees are deducted directly from the management funds, instead of the trading funds of the users). Except for the management fees, no extra contract funding rate is charged.
ETF products are provided with optimized funds management, which strives to diminish the costs and risks in the margin trading. Please note that the price of these ETF products depends on their spread, irrespective of the price of their underlying token. Users can refer to the net value during trading. Currently, the launch is still at a testing stage. All users should be aware of possible large fluctuations in price and the high risks they bring, before commencing to trade.

3X Long ETH Trading Product: ETH3L
Trading time: UTC 4:00 February 27, 2020
Trade ETH3L at: https://www.gate.com/trade/ETH3L_USDT

3X Short ETH Trading Product: ETH3S
Trading time: UTC 4:00 February 27, 2020
Trade ETH3S at: https://www.gate.com/trade/ETH3S_USDT

3X Long EOS Trading Product: EOS3L
Trading time: UTC 6:00 February 27, 2020
Trade EOS3L at: https://www.gate.com/trade/EOS3L_USDT

3X Short EOS Trading Product: EOS3S
Trading time: UTC 6:00 February 27, 2020
Trade EOS3S at: https://www.gate.com/trade/EOS3S_USDT

3X Long BSV Trading Product: BSV3L
Trading time: UTC 8:00 February 27, 2020
Trade BSV3L at: https://www.gate.com/trade/BSV3L_USDT

3X Short BSV Trading Product: BSV3S
Trading time: UTC 8:00 February 27, 2020
Trade BSV3S at: https://www.gate.com/trade/BSV3S_USDT
For app users, please enter “Market” for trading and enter “Wallets”- “Spot Account” for deposit.
Risk warning: please note that prices fluctuate greatly in the cryptocurrency market, which means that 3x-leveraged ETF products bring greater risks. Users should be aware of the market risks and proceed with investments cautiously.

Gate is a trading platform that does not charge listing fee, only launches quality projects, and provides users with a 100% guarantee and instant deposit-withdrawal services.
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Gate New Features:
Spot Trading on Gate (200+ tokens):https://www.gate.com/trade/BTC_USDT
Margin Trading on Gate (Long or Short):https://www.gate.com/margin_trade/BTC_USDT
Perpetual Contract Trading:https://www.gate.com/futures_trade/BTC_USD
Lending on Gate (secure and stable, high annual return):https://www.gate.com/margin/lend/USDT
C2C Trading on Gate:https://www.gate.com/c2c/usdt_cny
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Gate
February 26, 2020