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
CFD
U.S. stock CFD derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
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.
🇺🇸 The US FY26 budget deficit is at its third-highest level in history
🔴In the first 8 months of the fiscal year, the US has a budget shortfall of 1.2 trillion USD — the third-largest ever. This level is only surpassed by FY21 (the period of massive COVID stimulus) and FY24.
And there are still 4 months left until the fiscal year ends (September 30). In fiscal year 2021, the large deficit was due to the US launching emergency relief packages during the pandemic.
🔴The large deficit this year occurs in the absence of any clear crisis. The deficit is reinforced by a trio: increased spending + tax revenues not keeping pace + high interest rates are pushing debt costs to risky levels.
🔴Persistent deficits are putting pressure on the Fed to keep interest rates high longer, but at the same time, the Treasury must issue large amounts of debt. Market liquidity is more complex than ever.