The index contract's 4-hour data shows strength, with the Gate HK50 index showing the largest increase in open interest.

CoinGlass data shows that index contracts have been generally active in the past 4 hours, with Gate's HK50 contract seeing a staggering 2647.1% increase in open interest, ranking first in the entire market. Gate pioneered perpetual index contracts globally, using mainstream global indices and volatility indices as underlying assets. It introduces market sentiment indicators into the crypto derivatives trading system, maintaining the advantages of USDT settlement and 24/7 trading while providing users with trading options that are closer to the global macro market. Meanwhile, Gate has comprehensively deployed its traditional financial trading zones, including stocks, metals, forex, indices, and commodities, and is continuously building a multi-asset contract system covering mainstream TradFi assets, aiming to create the industry's most comprehensive index and traditional financial asset contract trading zone.