Mid‑October’s Must‑See Gate Update: SpaceX Share Unlock, Trenches Challenge & Key Market Metrics
Mid‑October brings a set of key Gate updates to keep you ahead of the market. From major unlocks and new trading products to platform‑wide metrics and lucrative campaigns, here’s what matters most right now.
Pre‑IPO & Share Mechanics: Fourth SpaceX (SPCX) Share Unlock
Gate remains the only platform in the industry to support Pre‑IPO share unlocks and directly distribute publicly listed company shares to users. The fourth 7 % share unlock for SpaceX (SPCX) is set for October 17 at 12:00 UTC. This round will unlock 11,865 SPCX tokens (calculated after the 1:5 stock split), representing 7 % of the original allocation. Shares will be distributed directly to users’ Gate stock accounts at a 1:1 conversion ratio.
The unlock applies to SPCX held from Pre‑IPOs subscriptions or later purchases; previously sold tokens are not included. Users are advised to check their holdings and open orders in advance to ensure required tokens remain available.
Campaigns & Rewards: Active Promotions with Real Payouts
Several time‑limited campaigns are live, offering direct rewards and fee benefits.
Trenches 7‑Day Check‑In Challenge (40,000 USDT prize pool)
From October 16, 12:00 to October 25, 08:00 UTC, users trading BSC chain tokens in Gate Trenches can unlock rewards. Daily volume of at least 100 USDT earns a basic check‑in; accumulating 3, 6, or 7 days yields 2, 4, or 5 USDT respectively (10,000 USDT pool, first‑come, first‑served). Advanced tiers reward higher volumes (≥ 2,000 USDT/day for 3+ days, ≥ 7,000 USDT total) with a 20,000 USDT pool and multipliers up to 1.5× (cap: 60 USDT per user). New Trenches users with ≥ 100 USDT volume can claim a 10 USDT fee rebate voucher (10,000 USDT rebate pool, while supplies last).
Futures Points Airdrop Phase 156
From October 19, 10:00–15:59 UTC, two reward pools are available on a first‑come, first‑served basis. Pool 1: users with 120–90 Futures Points can redeem 15 points for 0.015 QQQG. Pool 2: users with ≥ 40 points can redeem 20 points for a 100 USDT position voucher. Rewards are credited within ~1 hour.
ETF New Listing Trading Challenge (60,000 USDT)
For Q3L/USDT and Q3S/USDT (listed October 19), the campaign runs until October 28. Tasks include First Trade Reward, daily check‑ins, community volume, and referrals. First 1,000 users with an initial trade ≥ 100 USDT get a 10 USDT ETF fee rebate voucher. Daily check‑ins for ≥ 1,000 USDT volume offer cumulative rewards up to 100 USDT. Community volume unlocks up to 30,000 USDT, distributed proportionally (max 500 USDT per user).
Futures Combo Trading Competition (20,000 USDT)
Running from October 15 to November 3, this includes a New User Welcome Reward (first 500 users investing ≥ 100 USDT in a new Futures Combo strategy get 10 USDT bot trial funds) and a Trading Volume Leaderboard (top 50 share 10,000 USDT). Other users activating Futures Combo strategies may randomly receive 0–50 USDT in bot trial funds.
New Products & Trading Features on Gate
CLAUDIA Perpetual Futures + Trading Bots & Copy Trading
Listed in the Gate Futures Meme Section, CLAUDIA supports 1–10× leverage for long and short positions, with full integration of Trading Bots and Copy Trading.
PAPERUSDT Pre‑Market Perpetual Futures (USDT‑M)
Now open for pre‑market trading with 1–10× leverage. PAPER is the native token of PaperTrade, a synthetic perpetual futures platform on HyperEVM.
Stock Futures Section Expansion
On October 19, Gate launched futures, Trading Bots, and Copy Trading for VICR, GRAL, YPF, VIST, PBR, and NU, supporting 1–20× leverage. Gate now supports futures trading for 482 stocks.
Futures Combo Strategy
Available via Gate App V8.40.0, this allows combining 2–10 futures contracts, customizing long/short positions, setting target weights, and enabling ratio‑based/scheduled rebalancing. Users can copy popular strategies or build their own portfolios.
Yield Opportunities: Launchpool & High‑APR Pools
Multiple Launchpool projects are active with substantial reward pools and variable APRs.
NeoSoul (DNA) Phase 383
Runs until November 6. Stake BTC, ETH, or DNA to share 2,800,000 DNA. The DNA pool offers an estimated APR of 218.90 %, while BTC and ETH pools offer 6.24 % and 7.25 % respectively. Rewards are distributed hourly to spot accounts.
Other Launchpool Projects
DNA, BLKHION, CT, and GT are all underway with multiple staking pools and APRs up to 218.90 % (DNA) and 147.62 % (BLKHION).
Platform Metrics & Market Position
Independent data highlights Gate’s growing influence across spot, derivatives, and TradFi markets:
- Gate ranks second among global CEXs with approximately $256.32 million in 30-day net inflows and third with $147.34 million in 7-day net inflows.
https://defillama.com/cexs - Gate is the third‑largest derivatives exchange by 24‑hour open interest at $13.276 billion: https://www.coingecko.com/en/exchanges/derivatives
- Gate ranks second globally in futures trading volume for gold (XAU) and silver (XAG), with $157 million and $117 million in respective 24-hour volumes. Open interest stands at approximately $334 million for XAU and $171 million for XAG.
https://www.gate.com/futures/USDT/XAU_USDT - RootData ranks Gate first globally with 1,022 TradFi assets and 366 stock derivative underlying assets. The platform also offers metals perpetuals and CFDs (Gold, Silver, Platinum) with 24/7 trading and USDT settlement via the Unified Account system.
Transparency Report Highlights: Scale & Liquidity
Gate’s September 2026 Transparency Report underscores its institutional‑grade scale:
- User base surpassed 62 million global registered users;
- Derivatives trading volume reached $396 billion in September, with a market share of 10.1 %. Spot trading volume grew 667 % over 30 days (CryptoQuant);
- Total 2% order book depth for popular stock perpetuals reached $92.8 million;
- Over 127%, supporting a broad ecosystem across spot, derivatives, on‑chain services, and wealth management.
Additional ecosystem growth includes:
- 47.18 % MoM increase in trading volume, 67.65 % increase in trading users, and 105.09 % rise in new users. Supports trading across 15+ blockchains directly with USDT from Gate accounts;
- Institutional CrossEx trading volume surged 200 % MoM, while retained funds grew 37.3 %, both hitting all‑time highs.
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Ana O. is an editor at MPost, where she focuses on reshaping content across a wide spectrum of topics. With an eye for detail and a genuine interest in storytelling, she helps ensure that the content is both accurate and engaging. Her experience spans multiple areas, providing her with the knowledge to offer insightful contributions to various topics highlighted on the platform.
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Ana O. is an editor at MPost, where she focuses on reshaping content across a wide spectrum of topics. With an eye for detail and a genuine interest in storytelling, she helps ensure that the content is both accurate and engaging. Her experience spans multiple areas, providing her with the knowledge to offer insightful contributions to various topics highlighted on the platform.
