Gate Lists IRYS Perpetual Futures (USDT) with 1–20x Leverage
Gate has launched IRYS perpetual futures settled in USDT, offering traders 1–20x leverage and simultaneous availability on Gate Perp DEX. The listing expands derivatives access to the IRYS token and supports both centralized and decentralized perpetual trading on Gate’s platforms. No additional market data, listing incentives, or margin specifications beyond leverage were disclosed. The announcement follows similar moves by other major exchanges to add IRYS futures, reflecting growing exchange interest in the token. This development provides traders with new hedging and directional trading options for IRYS.
Neutral
Listing IRYS perpetual futures on Gate (including Gate Perp DEX) increases liquidity and trading avenues for the token, which is generally supportive for tradability but does not by itself drive strong directional price moves. The announcement provides traders with more tools (1–20x leverage) for hedging and speculation; however, no market incentives, launch fees, or margin requirements were disclosed — limiting immediate volume surges. Similar listings historically produce neutral-to-moderate short-term volatility: initial increased volume and price discovery can follow, but sustained bullish trends typically require broader catalysts (partnerships, protocol upgrades, major token flows, or listings on top-tier exchanges like Binance/FTX historically). For short-term traders, expect elevated volatility and opportunities for leveraged plays and liquidity-driven price swings. For mid-to-long-term outlook, impact depends on adoption, on-chain metrics, and whether additional exchanges or institutional players add support. Overall, the net market effect is neutral with potential for short-lived volatility.