NULS(NULS) will close contract and Margin Trading on June 20 at Gate, spot trading will not be affected.
Gate News bot news, according to the official announcement from Gate on June 20, 2025:
Gate will make adjustments to NULS contracts and leveraged trading. The trading of NULS/USDT futures will be adjusted to the deleveraging-only mode at 19:30(UTC+8) on June 20, 2025, and will be automatically settled at the average index price half an hour before the futures trading stops at 20:00(UTC+8).
At the same time, Gate has closed the new leveraged lending business for NULS. Existing leveraged positions will be automatically settled and repaid before June 20, 2025, 20:00 ( UTC+8. This adjustment does not affect the spot trading of NULS.