Gate has added Quanto perpetual contracts and launched four Hong Kong stock-linked products in its stocks section at 16:30 UTC+8 on July 21, according to an official announcement. The newly listed contracts are TENCENTHKD for Tencent Holdings (00700.HK), ZHIPUHKD for Zhipu (02513.HK), MINIMAXHKD for MINIMAX-W (00100.HK), and XIAOMIHKD for Xiaomi Group (01810.HK). All four products support leverage ranging from 1x to 20x. The exchange said Quanto perpetual contracts quote the underlying asset in local fiat currency, while margin and profit and loss are settled in USDT. That structure allows users to trade overseas stock derivatives priced in local currencies, including Hong Kong equities, without converting funds into HKD in advance. Gate also said the model can reduce the impact of exchange-rate swings on trading returns and make cross-market trading more straightforward for users.
Gate has added Quanto perpetual contracts and launched four such products in its stocks section at 16:30 UTC+8 on July 21, according to an official announcement.
The newly listed contracts are TENCENTHKD for Tencent Holdings (00700.HK), ZHIPUHKD for Zhipu (02513.HK), MINIMAXHKD for MINIMAX-W (00100.HK), and XIAOMIHKD for Xiaomi Group (01810.HK). The contracts support 1x to 20x leverage.
According to the announcement, Quanto perpetual contracts quote the underlying asset in local fiat currency, while margin and profit and loss are settled in USDT. Users do not need to convert into Hong Kong dollars in advance to trade overseas stock derivatives priced in local currencies, including Hong Kong equities. Gate said this setup can also reduce the effect of exchange-rate fluctuations on trading returns and improve the cross-market trading experience.
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