PANews reported on August 19th that Gate officially announced that it has launched ALL Composite Index perpetual contract trading (settled in USDT) at 18:00 (UTC+8) on August 19th, supporting 1-20x leverage.

It is reported that the Gate ALL Composite Index regularly selects approximately 500 USDT trading pairs from the Gate contract market as component targets every week, uses the real-time index price of the selected market for weighted calculation, and routinely rebalances the components at 16:00 (UTC+8) every day to ensure that each component contributes equally to the index.