According to the Gate News bot, there is an official announcement from Gate on July 23, 2025.
Gate will launch XNY perpetual contract spot trading on July 23, 2025, at 21:10 ( UTC+8, settled in USDT.
The newly launched XNY perpetual contract will support 1-20x leverage trading, allowing users to go long and short. Trading parameters, including funding rate, minimum tick size, maximum leverage, risk limits, and maintenance margin, will be adjusted based on market conditions.