Gate.io Becomes World’s Seventh-Largest Cryptocurrency Futures Exchange

The leading cryptocurrency exchange Gate.io has become the world’s seventh-largest cryptocurrency futures exchange.

At press time, Gate.io‘s 24-hour volume has exceeded $1.8 billion, and 24-hour open interest exceeded $1.9 billion, ranking seventh in cryptocurrency futures exchange, according to Coingecko. 

Gate.io futures growth benefited from the overall bull market caused by the Bitcoin ETF’s approval. However, some of Gate.io’s development might be attributable to the rise of memecoins, in particular Shiba Inu and Dogecoin. Gate.io is one of the first cryptocurrency exchanges to launch memecoins futures, with a large user base and good market depth.

Also, Gate.io futures provides perpetual contract trading of several cryptocurrencies, including BTC, ETH, EOS, LTC, BCH, BSV, and more. Altcoin trading is one of the most popular offerings on Gate.io. In addition,  SHIB, DOGE, SOL, and FIL futures have all proven successful on Gate.io’s exchange platform. 

Focusing on the global market, Gate.io has achieved robust growth since its launch in 2013. The exchange has ranked in the top 3 when it comes to “Trust Score” at CoinGecko. Gate.io has become the world’s largest and most comprehensive cryptocurrency exchange, with over 1,000 coins and tokens available to trade on the platform. 

About Gate.io

Gate.io is a leading digital currency exchange with over 7 million users in 190 countries across the globe. The exchange offers spot, margin, futures, and contract trading in addition to DeFi products through HipoDeFi, custodial services through Wallet.io, investments through Gate Labs, and its dedicated GateChain platform. The company also offers a wholly integrated suite of products such as its Startup IEO platform, NFT Magic Box marketplace, cryptocurrency loans, and more.