Gate Platform Surges to $15.959 Billion in Open Interest, Closing in on Binance and Bybit

On January 13, COINOTAG News reported a significant development in the cryptocurrency derivatives market. As per data from Coinglass, the open interest on the Gate exchange surged to $15.959 billion, which propels it into the third position among centralized exchanges (CEXs). This figure underscores Gate’s increasing prominence in the competitive landscape of crypto trading. Currently, Binance retains the top slot with a staggering $29.946 billion in open interest, while Bybit occupies the second position with $21.311 billion. These figures highlight the vigorous growth and participation within the futures market, emphasizing the evolving dynamics among leading crypto exchanges and investor sentiment.