Gate.io Removes LAUSDT Contract to Prevent Market Volatility

Gate.io has taken a decisive step to maintain market stability by removing the LAUSDT perpetual futures contract on June 4, 2025. The exchange absorbed losses from liquidation to protect user assets. This move had no significant impact on other major cryptocurrencies such as ETH and BTC. In order to mitigate any potential risks and ensure user protection, the exchange closed all open positions at market prices. The decision reflects Gate.io’s dedication to safeguarding its users by implementing strategic interventions like this delisting.