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
Smart Leverage
NEW
No forced liquidation before maturity, worry-free leveraged gains
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 More12.42K Popularity
8.55K Popularity
37.79K Popularity
91.12K Popularity
2.65K Popularity
Pin
Hundreds of Thousands of Traders Lose Rp18 Trillion Amid Escalation of Middle East Conflict
The crypto market has once again experienced a liquidation of US$1.1 billion or the equivalent of Rp18.3 trillion, after Bitcoin (BTC) fell to the level of US$103 thousand, on Friday (13/06). This occurred amid the escalation of conflict due to Israel's attack on the Natanz Nuclear Facility in Tehran, Iran.
Interestingly, the losses were predominantly borne by traders taking long positions, primarily in Bitcoin, with total losses reaching US$455 million. Meanwhile, in Ethereum (ETH), the amount liquidated was at US$268 million.
Overall, this liquidation was experienced by around 247,063 traders. Long trader positions were recorded liquidated at US$1.05 billion, while short traders only at US$82 million.
The exchange that contributed the largest liquidation is the Cex made by CZ with US$457 million. Next, the Cex made by Ben Zhou with US$371 million, followed by the Cex made by Star Xu with US$125 million.