PANews reported on July 18 that according to the official announcement, Gate has officially launched XRP-USDT options, becoming the third mainstream exchange in the industry to support XRP options after Deribit and Binance. Gate now supports USDT-settled options for mainstream assets such as BTC, ETH, SOL, DOGE, ADA, LTC, TON, etc., helping users to trade flexibly and hedge risks.

At the same time, Gate launched the "Options Ambassador Recruitment Program", which provides up to 10,000 USDT rewards and multiple platform rights to content creators, traders and KOLs to jointly build an options ecosystem.