Gate.io’s BTC Derivatives Market Share Up 19.4% Despite Market Drops
The crypto market may have found its bottom, according to CoinGecko Q3 report. The overall crypto market cap hit $903 billion in July before ending the quarter at around $986 billion, with activity on exchanges shifting following the market decline.
CoinGecko noted an overall trend of some “newer, more retail-oriented” exchanges suffering significant losses as OG investors stick to older and more established exchanges. Additionally, the report highlighted how Gate.io is gaining market share at Binance’s expense. Open interest (OI) on Bitcoin perpetual swaps decreased by 7.6% on Binance while growing by 19.4% on Gate.io.
Source
https://t.me/InvestmentTradingUpdates
