According to CoinDesk, Gate's derivation market share increased by 1.2% to 4.13%, surpassing established exchanges like HTX. This change reflects three structural trends in the current derivation market.

The effectiveness of Gate's localization strategy in the Southeast Asian market is significant, with the Thai version of the APP adding a one-click leverage adjustment feature that aligns with local retail trading habits. In May, the trading volume of derivatives by Thai users increased by 143% month-on-month, accounting for 29% of the market share in the region, surpassing Binance for the first time.
The differentiation of the product matrix When mainstream platforms focus on BTC/ETH contracts, Gate launched 20 quarterly contracts for small coins, including emerging public chain tokens like TON and SEI. Although the trading volume for these small coin contracts is not high individually, they collectively contribute 31% of the platform's trading fee revenue, with an average spread of 7.5 basis points, which is three times that of large coins.
The upgrade of institutional services by Gate includes the "Iceberg Order API" launched in May, which supports dynamic adjustment of display size, reducing the market impact of large orders by 40%. At the same time, its settlement system supports T+1 fiat currency withdrawals. These improvements have attracted 35 small and medium-sized hedge funds from the Asia-Pacific region to settle in, with the proportion of institutional trading volume increasing to 19%.