PANews reported on July 18 that according to the official announcement, Gate officially launched the PUMP 3x ETF leveraged token. From 19:00 on July 18 (UTC+8), users can trade the following products: PUMP3L (buy 3x long PUMP), PUMP3S (buy 3x short PUMP).

Gate 3x ETF leveraged tokens use the perpetual contract hedging mechanism to accurately track the daily price fluctuations of the underlying assets, providing a return of 3 times the increase or decrease of the underlying assets, which is suitable for short-term trend trading strategies.