Initial Listing: Gate to Launch Metals Section with XAL, XCU, XNI, and XPB Perpetual Contracts (USDT-M)

Gate's Metals Section will officially launch live trading of XAL (Aluminum), XCU (Copper), XNI (Nickel), and XPB (Lead) perpetual contracts (USDT-M) at 08:00 (UTC) on January 27, 2026, supporting long and short positions with leverage from 1x to 10x. Leverage can be selected at the time of order placement.

XALUSDT is the trading symbol for the aluminum perpetual contract priced in U.S. dollars.
Trade XALUSDT perpetual contract at: https://www.gate.com/futures/USDT/XAL_USDT

XCUUSDT is the trading symbol for the copper perpetual contract priced in U.S. dollars.
Trade XCUUSDT perpetual contract at: https://www.gate.com/futures/USDT/XCU_USDT

XNIUSDT is the trading symbol for the nickel perpetual contract priced in U.S. dollars.
Trade XNIUSDT perpetual contract at: https://www.gate.com/futures/USDT/XNI_USDT

XPBUSDT is the trading symbol for the lead perpetual contract priced in U.S. dollars.
Trade XPBUSDT perpetual contract at: https://www.gate.com/futures/USDT/XPB_USDT

Notes:

• Launch Time: If there is significant price volatility during the pre-launch phase, the contract launch may be delayed. The exact launch time will be adjusted according to actual market conditions.
• Trading Parameter Adjustments: To mitigate market risks and optimize user trading experience, Gate will adjust trading parameters—including funding rates, tick size, maximum leverage, risk limits, and maintenance margin requirements—as needed based on actual market conditions.
• Mark Price Mechanism: The mark price follows standard calculation methods. However, as the external markets referenced by these indices operate on specific trading schedules, the index price will enter a quote-hold state during non-trading hours. In such cases, the index price will continue to use the last valid quote prior to the start of that period. Users are advised to monitor the activity of external reference markets closely and set appropriate take-profit and stop-loss orders to mitigate risks arising from liquidity changes and price volatility.

Gate Team
January 27, 2026

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