Gate.com Adds PAYP (PayPay) Perpetual Contracts to Stock Trading Section
Gate.com has expanded its stock trading section with the addition of PAYP (PayPay) perpetual contracts, allowing traders to gain leveraged exposure to the Japanese fintech giant. The new product, settled in USDT, supports leverage ranging from 1x to 20x, further bridging the gap between traditional equity markets and crypto-native trading infrastructure .
Product Specifications
The PAYP perpetual contract is designed to track the price performance of PayPay Corporation’s common stock, which trades on the Nasdaq under the ticker PAYP. Key features of the new offering include:
– Underlying Asset: PayPay Corporation common stock (NASDAQ: PAYP)
– Settlement Currency: USDT (Tether)
– Leverage Range: 1x to 20x
– Contract Type: Perpetual (no expiry date)
– Trading Platform: Gate.com Stock Trading Section
As a perpetual contract, the PAYP pair has no expiration, allowing traders to hold positions indefinitely subject to funding rate mechanisms that keep the contract price aligned with the underlying stock’s spot price .
About PayPay Corporation
PayPay Corporation is Japan’s leading mobile payment platform and a dominant force in the country’s digital payments landscape. The company went public on the Nasdaq through a direct listing in 2025 and has since become a widely followed stock among both retail and institutional investors .
PayPay’s platform enables QR code payments, money transfers, and other financial services, with a user base exceeding 60 million in Japan. The company’s growth trajectory is closely tied to Japan’s accelerating shift toward cashless payments, a trend that continues to gain momentum .
The stock (ticker: PAYP) has been actively traded since its listing, drawing significant attention from investors seeking exposure to the Japanese fintech sector and the broader digital payments theme .
Gate.com’s Expanding Stock Derivatives Suite
The addition of PAYP perpetual contracts marks the latest expansion of Gate.com’s stock-linked derivative offerings. The exchange has been steadily building out its equity derivatives lineup, providing crypto-native traders with access to traditional stock markets through familiar trading infrastructure .
These products allow traders to gain leveraged exposure to equities without leaving the crypto ecosystem, using USDT as collateral and enjoying 24/7 trading availability—a key differentiator from traditional stock markets with limited trading hours .
The stock trading section on Gate.com now includes a growing list of perpetual contracts for major US stocks and ETFs, including tech giants and sector-specific products. The addition of PAYP reflects increasing demand for exposure to international equities, particularly from the Asian market .
Leverage and Risk Considerations
The PAYP perpetual contract supports leverage up to 20x, allowing traders to amplify their exposure to PayPay’s stock price movements. While leverage can magnify potential gains, it also significantly increases risk, and traders should carefully manage their positions with appropriate risk controls .
Gate.com employs a funding rate mechanism to ensure the perpetual contract price remains anchored to the underlying stock’s spot price. Funding rates are exchanged between long and short positions periodically, based on the difference between the contract price and the index price .
The contract is classified as a USDT-margined (U-margined) product, meaning profits and losses are realized in USDT, simplifying portfolio management for traders who primarily hold stablecoins .
How to Trade
Eligible users can access the PAYP perpetual contract through Gate.com’s stock trading section. Traders should ensure they have completed the necessary account verification and have sufficient USDT balances to meet margin requirements .
Gate.com recommends that users familiarize themselves with the contract specifications, including tick size, minimum notional value, and funding rate intervals, before initiating positions. Detailed documentation is available on the platform’s website .
Market Context
The launch of PAYP perpetual contracts comes amid growing convergence between cryptocurrency exchanges and traditional equity markets. Platforms like Gate.com are positioning themselves as one-stop shops for traders who want to diversify across asset classes without navigating multiple brokerage accounts and trading systems .
PayPay’s strong brand recognition in Japan and its position as a leader in the digital payment space make it an attractive addition for traders seeking exposure to the region’s fintech growth story. The 20x leverage offered on the contract provides traders with flexibility to tailor their exposure according to their risk appetite .
As trading begins, market participants will be watching the liquidity and volume dynamics of the new PAYP perpetual contract to gauge demand for crypto-native access to Japanese equities .
Sources: Gate.com, PayPay Corporation, Nasdaq.
