Gate has listed the CXMTUSDT perpetual contract, according to its official page, giving users access to a market tied to ChangXin Memory Technologies, or CXMT. The contract supports 1x to 50x leverage and uses the price of CXMT-related stock assets as its reference, allowing investors to trade the related price action through a digital asset platform.
The listing comes as CXMT made its debut on Shanghai Stock Exchange STAR Market today, with the stock at one point surging more than 470% after the open. ChainCatcher said market attention toward related assets has been rising as domestic semiconductor leaders continue moving through the listing process.
Gate is also running a CXMT contract token airdrop campaign from 11:00 on July 27 to 11:00 on Aug. 5, UTC+8. The total prize pool is 50,000 USDT. The event includes three layers of rewards, and a single participant can receive as much as 240 USDT in total.
Gate has listed the CXMTUSDT perpetual contract, according to its official page, offering global users a trading instrument tied to ChangXin Memory Technologies (CXMT).
The contract supports 1x to 50x leverage. It uses the price of CXMT-related stock assets as its reference and allows investors to trade the related market through a digital asset platform.
CXMT debuted on the Shanghai Stock Exchange STAR Market today and at one point jumped more than 470% after the open. As the listing process for leading domestic semiconductor companies moves ahead, market attention on related assets has continued to heat up.
Gate is also running a CXMT contract token airdrop campaign from 11:00 on July 27 to 11:00 on Aug. 5, UTC+8. The total prize pool is 50,000 USDT. The event features three tiers of rewards, with up to 240 USDT available per participant in total.
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