Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
U has fallen below 7, while the USD to offshore RMB is still at 7.06, which is equivalent to a negative premium of one point. It was normal this morning. USDC has also fallen below 7, so it shouldn't be a USDT blowup. Not sure what's going on.
Recently, the appreciation of the RMB has multiple reasons. One is that it's the end of the year and many companies need to convert their foreign currency earnings into RMB. The main factors are the weakening of the US dollar, the end of QT, expectations of rate cuts rising, and the yen's interest rate hike—all contributing to the US dollar's weakness.