PANews reported on April 2nd that, according to an official announcement, Gate simultaneously launched the second phase of the CrossEx cross-exchange trading competition and an advanced trading incentive program, building a multi-dimensional incentive system. The second phase of the cross-exchange trading competition focuses on ultra-low trading fees and interest-free lending incentives of up to one million USDT; the advanced trading incentive program is also underway, offering rewards such as negative fees on Gate's MM2 or MM3 contracts based on the size of the CrossEx account deposits.

CrossEx, pioneered by Gate.com, is a cross-exchange trading and clearing platform. With a unified account and clearing system across exchanges at its core, it aims to reduce the system complexity and funding costs of multi-platform trading, providing scalable infrastructure support for high-frequency, quantitative, and institutional trading. Currently, CrossEx has raised the minimum account deposit to $500,000 and supports cross-exchange execution and various margin assets, further optimizing the trading process and improving the user experience.