What's Happening?
Gate, a global digital asset trading platform, has expanded its TradFi feature to include contracts for difference (CFD) on traditional financial assets such as gold, foreign exchange, stock indices, and commodities. This expansion marks Gate's move beyond cryptocurrency trading into traditional finance, offering a multi-asset trading framework. The platform uses USDx, an internal accounting unit pegged to USDT, for TradFi assets, allowing users to trade without manual conversion or additional fees. The TradFi contracts follow traditional market conventions, with fixed trading sessions and leverage settings, and are powered by the MT5 trading system.
Why It's Important?
Gate's expansion into traditional financial assets reflects a growing trend among crypto platforms
to integrate more conventional financial products. This move could attract a broader user base seeking diversified trading options within a single platform. By adopting traditional market rules, Gate aims to provide a more familiar trading environment for users accustomed to conventional financial markets. The introduction of TradFi features could enhance Gate's competitive position in the digital asset space, offering users opportunities for multi-asset price discovery and risk management. This development signifies the blurring lines between crypto and traditional finance, potentially influencing future market dynamics.
