Gate has expanded its traditional-finance derivatives offering with nine new USDT-denominated perpetual futures contracts, including eight instruments tied to U.S. stocks and exchange-traded funds and a foreign exchange contract tracking the U.S. dollar against the Brazilian real.
The cryptocurrency exchange introduced the contracts on September 24, 2026, at 03:00 UTC, with leverage ranging from 1x to 20x and support for both long and short positions.
The additions include MSTU, a leveraged exchange-traded fund designed to deliver twice the daily performance of Strategy shares, alongside companies such as Oklo, Core Scientific, Schrödinger, Generac and Bullish.
Gate also introduced a perpetual contract linked to JPMorgan’s Nasdaq Equity Premium Income ETF and another referencing USD/BRL, extending its derivatives offering beyond cryptocurrency and conventional single-stock exposure.
The exchange said it already supported futures trading tied to 459 stocks before the latest additions, illustrating the scale of its expansion into products traditionally associated with securities brokers and foreign exchange platforms.
According to Gate’s September 24 announcement, the new contracts are MSTUUSDT, SDGRUSDT, OKLOUSDT, BLSHUSDT, CORZUSDT, JEPQUSDT, SECZUSDT, GNRCUSDT and USDBRLUSDT.
The stock-linked instruments cover several industries, including artificial intelligence, nuclear energy, cryptocurrency infrastructure and financial services.
SDGRUSDT references Schrödinger, a company developing computational software used in drug discovery and materials research. OKLOUSDT provides exposure to Oklo, whose business focuses on advanced nuclear energy technology.
CORZUSDT tracks Core Scientific, a data-center operator involved in digital asset mining and high-performance computing infrastructure.
BLSHUSDT references Bullish, the digital asset trading company associated with institutional cryptocurrency markets and financial information businesses.
GNRCUSDT tracks Generac Holdings, a manufacturer of backup power systems, energy storage products and related equipment.
The SECZUSDT contract references Securitize, a financial technology company involved in the tokenization and administration of securities and other financial assets.
JEPQUSDT differs from the individual-company contracts because its underlying reference is JPMorgan’s Nasdaq Equity Premium Income ETF, which combines an equity portfolio with an options-based income strategy.
Gate introduced the contracts through its Stock Futures and Forex trading sections, allowing customers to select leverage when placing orders.
The exchange also announced support for automated trading bots and copy trading, with those functions scheduled to become available within one hour of the initial listings.
MSTU Futures Introduce Leverage on Top of a Leveraged ETF
The MSTUUSDT contract is particularly notable because its underlying reference is already a leveraged financial instrument.
MSTU is designed to target twice the daily performance of Strategy, the publicly traded company formerly known as MicroStrategy.
Strategy’s substantial Bitcoin holdings have also made its shares sensitive to cryptocurrency market movements, although the stock’s performance depends on additional factors, including corporate financing, share issuance and investor expectations.
MSTU attempts to amplify Strategy’s daily share-price performance through a leveraged fund structure.
Gate’s perpetual futures contract introduces another layer of leverage, allowing traders to take positions linked to MSTU with leverage of up to 20x.
The resulting exposure can be considerably more complex than purchasing Strategy shares directly.
For illustration, suppose Strategy shares rise 5% during a single trading day. A fund targeting twice the stock’s daily performance would theoretically seek a return of approximately 10% before fees and tracking differences.
A trader holding a 5x leveraged perpetual position referencing that fund could experience an approximately 50% gain relative to the position’s initial margin, assuming the contract tracked the ETF’s return precisely and ignoring funding costs, fees and liquidation constraints.
The same simplified calculation works in reverse. A 5% decline in Strategy shares could translate into an approximately 10% decline in the leveraged ETF, potentially producing a loss equivalent to 50% of the futures trader’s initial margin at 5x leverage.
Actual returns will differ because ETF tracking, perpetual pricing, funding payments and exchange margin rules can affect the result.
The maximum advertised 20x leverage should therefore not be interpreted as a straightforward substitute for buying the underlying stock with leverage.
Daily ETF Resets Add Another Risk for Futures Traders
Beyond the immediate leverage effect, MSTU introduces a separate risk associated with the daily reset mechanism used by leveraged exchange-traded funds.
Leveraged ETFs typically aim to deliver a multiple of an underlying asset’s performance over a single trading day, rather than maintaining that multiple over longer periods.
The U.S. Securities and Exchange Commission has repeatedly warned that daily resetting and compounding can cause leveraged ETFs to diverge substantially from the performance investors might expect when holding them for several days or weeks.
For example, consider a hypothetical stock that falls 10% on one day and rises approximately 11.11% the next, returning to its original price.
A perfectly tracking two-times leveraged fund would decline 20% on the first day and rise approximately 22.22% on the second.
Starting at $100, the fund would fall to $80 and then recover to approximately $97.78.
The underlying stock would have returned to its starting price, but the leveraged fund would still show a loss of approximately 2.22%, before expenses.
This difference is caused by the sequence of daily returns rather than simply the stock’s final price.
When a perpetual futures position adds margin leverage to that structure, the trader faces both the ETF’s path-dependent performance and the exchange’s liquidation requirements.
As a result, even a trader who correctly anticipates the underlying stock’s eventual direction may experience unexpected losses if volatility, funding costs or interim price movements work against the position.
USD/BRL Perpetual Extends Gate Into Emerging-Market Forex
The USDBRLUSDT contract represents another departure from conventional cryptocurrency futures.
Rather than referencing a digital asset or U.S. security, the contract tracks the U.S. dollar/Brazilian real exchange rate through a currency index, with prices quoted in USDT.
Gate supports long and short positions with leverage ranging from 1x to 20x, allowing traders to take directional exposure to changes in the value of the dollar relative to Brazil’s currency.
A rising USD/BRL rate generally indicates that the dollar is strengthening against the real, while a declining rate indicates real appreciation relative to the dollar.
The product introduces exposure to monetary policy decisions by the Central Bank of Brazil and the U.S. Federal Reserve, Brazilian economic developments and changes in global demand for emerging-market assets.
However, a USDT-denominated perpetual is not equivalent to holding Brazilian reais or directly exchanging dollars through a regulated foreign exchange dealer.
Its market price may differ from the referenced currency index, while perpetual funding payments, spreads and exchange-specific risk controls affect the cost of maintaining a position.
Liquidity conditions can also differ from conventional interbank forex markets, particularly outside the most active trading hours for the underlying currency pair.
Gate Can Change Funding, Margin and Leverage Parameters
Gate’s listing announcement also outlines operational conditions that affect how the new derivatives trade.
The exchange reserves the right to adjust funding rates, tick sizes, maximum leverage, risk limits and maintenance margin requirements in response to market conditions.
These parameters influence the amount of collateral needed to maintain positions and the cost of holding perpetual contracts over time.
Unlike traditional futures, perpetual contracts do not have a fixed expiration date. Instead, funding mechanisms generally help align contract prices with their reference markets.
Depending on the funding rate and the direction of a position, traders may periodically pay or receive funding amounts.
For positions held over extended periods, cumulative funding can materially affect overall profitability even when the underlying reference asset moves in the anticipated direction.
Changes to maintenance margin requirements can also alter the amount of account equity necessary to keep a leveraged position open.
Gate said it could delay listings during periods of significant pre-launch volatility, demonstrating that contract availability and trading parameters remain subject to exchange risk controls.
Stock Perpetuals Expand Gate’s Competition With Traditional Brokers
Gate’s latest contracts form part of a broader expansion into traditional financial assets through cryptocurrency-based trading infrastructure.
The exchange already supports trading in stock-linked futures, direct equities, tokenized securities and other financial products, extending its business beyond cryptocurrency Spot and derivatives markets.
The addition of JEPQ, MSTU and USD/BRL illustrates how that approach can accommodate different forms of exposure within the same platform.
However, those products should not be confused with direct ownership of the assets they reference.
A JEPQ perpetual futures position does not make its holder a shareholder in the ETF or automatically provide the fund’s distributions. Similarly, an equity-linked perpetual does not convey voting rights in the underlying company.
The economic result depends on the derivative contract’s price movements, leverage, funding costs and settlement arrangements.
The expansion also raises questions about market depth. Supporting hundreds of stock-linked contracts does not necessarily mean each market has sufficient liquidity to execute large orders without significant price impact.
For retail traders, bid-ask spreads, available order-book depth and the relationship between perpetual prices and underlying markets remain important considerations.
Gate’s September 24 launch extends the range of traditional assets accessible through USDT-margined derivatives, but it also introduces instruments whose risks may be less familiar to cryptocurrency-focused traders.
The central distinction is that access to a stock, ETF or foreign exchange reference price through a perpetual contract is not the same as owning or trading that asset directly.
For products such as MSTUUSDT, the combination of daily leveraged ETF performance and perpetual futures margin makes understanding that difference particularly important.
Johan Shamshad is a financial markets writer at Dave Finances covering cryptocurrencies, trading platforms, brokers, fintech, financial regulation, and developments across global markets. He previously worked at Gulf News, adding newsroom experience to his coverage of fast-moving financial and digital-asset markets.
His work focuses on identifying market-moving events, company developments, regulatory changes, product launches, and shifts in trading and financial infrastructure.
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