Gate officially launches Event Contracts, enabling trading that predicts the direction of BTC and ETH price movements

Gate News: According to Gate’s official announcement, Gate has officially launched a new product: Event Contracts. Event Contracts are a trading product that primarily determines outcomes based on price direction. Users only need to make a bullish or bearish prediction on the price trend of assets such as BTC, ETH, and other assets over time horizons including 5 minutes, 15 minutes, 1 hour, 4 hours, and beyond to complete a trade.

For Event Contracts, each contract’s price range is 0.01–0.99 USDT, and the minimum trade amount is only 1.5 USDT. If the prediction is correct, each winning contract is settled for 1 USDT; if the prediction is incorrect, the contract value becomes zero. No settlement trading fee is charged in either case. The product does not offer leverage, and there are no liquidation or margin call mechanisms. Maximum loss is limited to the amount paid when buying the contract.

Users can close positions early at any time before the event ends by selling through the order book. Direct trading with USDT is supported. The first batch supports BTC and ETH price-direction events, and Gate will continue expanding to more underlying assets and time horizons.