Gate lists CXMTUSDT perpetuals with up to 50x leverage and a 50,000 USDT campaign

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.