Gate.io, a leading global cryptocurrency exchange, has surpassed 8 million users and is on its way to 10 million.
At this point, Gate.io will award 1 BTC to the ten millionth registrant. In terms of numbers, the year 2021 was a watershed moment for Gate.io. In the spot trading and derivatives trading markets, the exchange has managed daily trading volumes of $2 billion and $3.3 billion, respectively. However, given the rate at which the cryptocurrency market is expanding, it appears that Gate.io will easily outperform these figures by 2022.
The development of the cryptocurrency ecosystem
The year 2021 will go down in history as a watershed moment for the cryptocurrency ecosystem. Since the beginning of 2021, the market cap has increased by 255 percent, from $776 billion to $2.75 trillion. Furthermore, keep in mind that the market cap was on the verge of crossing $3 trillion before a bearish correction occurred.
DeFi (decentralized finance) was the year of 2020, and the momentum has carried over into 2021. According to DeFi Pulse, the total value (TVL) of DeFi apps has increased by 320 percent, from $26 billion to $109 billion. Individually, six protocols (Maker, Curve Finance, Aave, InstaDApp, Compound, and Convex Finance) have TVLs in the double digits.
The rise of non-fungible tokens also dominated the year 2021. (NFTs). According to Reuters, NFT sales increased eightfold from Q2 2021 to $19.7 billion in Q3 2021. This sentiment will only grow stronger as projects like CryptoPunks and Bored Ape Yacht Club (BAYC) gain more mainstream exposure than ever before.
Why is gate.io so important in this expanding ecosystem?
Users require a platform that allows them to buy, sell, and trade the world’s top coins, as well as provide increasingly mature financial instruments to an increasingly mature crowd, as the cryptocurrency ecosystem grows faster than ever before. This is where Gate.io comes in handy.
For Beginners, a Stable Trading System
Gate.io has a daily trading volume of $2 billion and offers spot trading in over 1,100 coins. These coins are used in a variety of sectors, including DeFi, Metaverse, smart contract platforms, Bitcoin clones, and so on. Furthermore, in order to make things easier for newcomers, Gate.io partnered with several different payment platforms, including Legend Trading, Mercuryo, BANXA, and Simplex, earlier in 2021. This enables users to deposit more than 20 different currencies.
Gate.io also recognizes that the vast majority of beginners may be more interested in NFTs than in trading cryptocurrencies. NFT Magic Box by Gate.io is an ideal NFT marketplace for beginners. The Magic Box has already been adopted by popular projects such as Bored Ape Yacht Club (BAYC), MetaverseX, and iFans.
There’s a reason Gate.io has been around for nearly a decade and has close to 10 million users. Their all-in-one cryptocurrency trading platform, combined with their ability to empathize with their users during times of extreme market conditions, has served them well and will continue to do so. Gate.io intends to hold an event to thank its loyal users as the platform approaches 10 million users. Prizes totaling 1 BTC will be awarded to new and returning users who complete a series of enjoyable tasks. More information can be found here.