Gate's derivatives market share has reached a new high for seven consecutive months, closely following Binance's ranking on the CoinDesk chart

According to CoinDesk's latest monthly report on cryptocurrency exchanges, Gate's derivatives market share increased by 1.01% to 5.14% month on month, ranking second in the world in terms of growth rate, second only to Binance. This is also the seventh consecutive month that Gate has achieved growth, setting a new annual high. Since the beginning of this year, Gate has risen to become the growth champion in the derivatives market share. As one of the most outstanding exchanges in terms of performance, Gate has shown strong resilience in terms of the smallest decline in derivative trading volume this month among numerous derivative trading platforms connected to CoinDesk Data API. Both in terms of trading volume and open contracts, Gate currently ranks among the top five derivative exchanges globally, surpassing competitors such as Hyperliquid, CME, and Coinbase International. CoinDesk also specifically mentioned Gate's recent innovative initiatives, particularly the launch of the world's first tokenized stock contract market xStocks section. CoinDesk commented, "xStocks is not just a functional upgrade, but also reflects Gate's mission of reshaping investment methods that cross geographical boundaries through deep integration of traditional finance and blockchain. ”This recognition coincides with Gate's user base surpassing 32 million, and CoinDesk also acknowledges its growing influence in the international market.