Trade
Trading Type
Spot
Trade crypto freely
Pre-Market
Trade new tokens before they are officially listed
Margin
Magnify your profit with leverage
Convert & Block Trading
0 Fees
Trade any size with no fees and no slippage
Alpha
Points
Get promising tokens in streamlined on-chain trading
Leveraged Tokens
Get exposure to leveraged positions simply
Futures
Futures
Hundreds of contracts settled in USDT or BTC
Options
HOT
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Participate in events to win generous rewards
Demo Trading
Use virtual funds to experience risk-free trading
Earn
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
NEW
Trade on-chain assets and enjoy airdrop rewards!
Futures Points
NEW
Earn futures points and claim airdrop rewards
Investment
Simple Earn
Earn interests with idle tokens
Auto-Invest
Auto-invest on a regular basis
Dual Investment
Buy low and sell high to take profits from price fluctuations
Soft Staking
Earn rewards with flexible staking
Crypto Loan
0 Fees
Pledge one crypto to borrow another
Lending Center
One-stop lending hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
Stake cryptos to earn in PoS products
Smart Leverage
NEW
No forced liquidation before maturity, worry-free leveraged gains
GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
More
Promotions
Activity Center
Join activities and win big cash prizes and exclusive merch
Referral
20 USDT
Earn 40% commission or up to 500 USDT rewards
Announcements
Announcements of new listings, activities, upgrades, etc
Gate Blog
Crypto industry articles
VIP Services
Huge fee discounts
Proof of Reserves
Gate promises 100% proof of reserves
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PANews June 9th, according to a report by News.bitcoin, based on FTX's bankruptcy report, FTX once borrowed more than 13 million US dollars from Australian internet celebrity Alex Saunders, with the aim of helping him repay investor debts, to prevent potential reputation damage and avoid legal action.
The FTX bankruptcy report states that Australian influencer, Alex Saunders, received a loan of 13.2 million US dollars (17.5 million Australian dollars) from the exchange in July 2021. The loan was reported as an advance payment to help Saunders repay his debts to the creditors. However, this report contradicts Saunders' previous statement, claiming to have raised approximately 11 million US dollars from retail investors, friends, and family. The funds were then transferred to a crypto wallet controlled by him. At that time, Saunders informed his supporters that the funds would be used to develop encryption protocols. However, it is mentioned that he broke his promise after transferring a large sum of money to FTX. According to investigator Robert J. Cleary's report, Saunders squandered the creditors' funds while trading on FTX.com, leading to several investors filing lawsuits. It is reported that FTX was willing to provide a loan worth millions of dollars to Saunders to avoid reputational damage and legal action.