Exchange Gate truly excels in user experience! The updates and upgrades are rapid!

Recently, everyone should have noticed that Gate has upgraded its previous TradFi section to 【CFD Contracts】, placing it directly alongside spot and futures.
【CFD Contracts】 are not complicated; you don't need to hold the underlying asset itself to trade price fluctuations in both directions, and leverage is supported. There are three main advantages based on the experience 👇
1⃣ No need for secondary KYC
To access traditional financial assets, you usually have to resubmit documents and undergo re-verification. Gate allows one-click instant access, directly using the previous KYC, without secondary validation.
2⃣ Seamless integration with traditional finance
In Gate's CFD section, you can not only buy and sell cryptocurrencies but also use cryptocurrencies as margin to trade US stocks, traditional forex, gold, crude oil, and even indices like the S&P 500.
3⃣ Counterparty & fee mechanism
The counterparty is no longer retail investors but market makers backed by traditional markets. The prices of CFD contracts perfectly replicate real-world spot prices, preventing malicious whale attacks or price manipulation.
Moreover, CFD contracts do not have a funding rate that jumps every 8 hours; instead, they add a "spread" between buy and sell prices, and charge a relatively fixed overnight interest when holding positions overnight. This prevents situations where, during crazy market conditions, the funding rate alone could drain your funds 🤣
Established exchanges prioritize fund security, operating with compliance and integrity 👍
#Gateio #CFD #Crypto #TradFi