Gate News bot message, according to Gate’s official announcement Gate has launched BASED/USDT perpetual contract spot trading, using USDT as the settlement method. This contract supports 1-20x leverage for opening long and short positions. Users can choose the leverage multiple themselves when placing an order. According to the announcement, Gate will adjust trading parameters such as the funding rate, minimum tick size, maximum leverage, risk limits, and maintenance margin, as appropriate based on actual market conditions.