Add as a preferred source on GoogleGate Gains Spot Share as Centralized Exchange Trading Slows in October
Gate’s spot volume rose 2.1% to $49.8 billion as centralized exchange spot volume declined 9.7% from September; its derivatives volume ranked third globally.
Gate lifted its spot market share by 0.56 percentage point to 4.86% in October as centralized exchange spot volume declined, while it placed third in derivatives volume.
Centralized exchange spot volume contracted 9.7% from September, and volume at leading exchanges fell 12.3%. Gate’s spot volume rose 2.1% to $49.8 billion. Within the leading-exchange group, its share increased 1 percentage point to 6.97%, the second-largest gain worldwide. The 4.86% and 6.97% figures refer to separate reported share measures.
Derivatives volume across centralized exchanges fell 1.7% to $3.87 trillion. Gate recorded $394 billion, ranking third worldwide and about $16 billion ahead of Bybit. Among retail-oriented exchanges, Gate held 10.2% of derivatives volume, also ranking third.
The October rankings follow TokenPost’s coverage of Gate’s September top-three volume ranking.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.