Trade
Trading Type
Spot
Trade crypto freely
Pre-Market
Trade new tokens before they are officially listed
Margin
Magnify your profit with leverage
Convert & Block Trading
0 Fees
Trade any size with no fees and no slippage
Alpha
Points
Get promising tokens in streamlined on-chain trading
Leveraged Tokens
Get exposure to leveraged positions simply
Futures
Futures
Hundreds of contracts settled in USDT or BTC
Options
HOT
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Participate in events to win generous rewards
Demo Trading
Use virtual funds to experience risk-free trading
Earn
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
NEW
Trade on-chain assets and enjoy airdrop rewards!
Futures Points
NEW
Earn futures points and claim airdrop rewards
Investment
Simple Earn
Earn interests with idle tokens
Auto-Invest
Auto-invest on a regular basis
Dual Investment
Buy low and sell high to take profits from price fluctuations
Soft Staking
Earn rewards with flexible staking
Crypto Loan
0 Fees
Pledge one crypto to borrow another
Lending Center
One-stop lending hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
Stake cryptos to earn in PoS products
BTC Staking
HOT
Stake BTC and earn 10% APR
GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
More
Promotions
Activity Center
Join activities and win big cash prizes and exclusive merch
Referral
20 USDT
Earn 40% commission or up to 500 USDT rewards
Announcements
Announcements of new listings, activities, upgrades, etc
Gate Blog
Crypto industry articles
VIP Services
Huge fee discounts
Proof of Reserves
Gate promises 100% proof of reserves
Trending Topics
View More145.49K Popularity
15.86K Popularity
84.88K Popularity
1.63K Popularity
2.46K Popularity
Pin
Will we still see 24,000 BTC in 2025? This story starts with a certain top-tier exchange's USD1 promotion.
Here's how it went: an exchange launched a USD1 deposit campaign with a 20% annualized return, which sounded pretty good, but the cap was only 50,000. Many people started exchanging USD1/USDT, and as a result, USD1 suddenly surged by 0.39%. This increase was huge, and some "smart people" sniffed out an opportunity—they went to activate VIP lending features, directly borrowed USD1 to sell spot to users looking to invest, making a clear arbitrage profit.
But the story didn't end there. One guy saw USD1 rising happily and suddenly thought of a "trick": instead of messing around with USD1/USDT, why not just trade BTC/USD1 directly? Excited, he threw all his BTC into buying USD1, even hitting a market sell.
Guess what happened? BTC was forcibly dumped down. Dropped all the way to 24,000… Yes, that price level that reminds people of a few years ago.
Seeing this scene, some people even thought: maybe we should install a slippage protection software—at such an outrageous price, how long would it take to see it again?