Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
of
2025 is coming to an end, but the crypto market is showing an unprecedented "split" scene: Bitcoin (BTC), driven by institutional funds, repeatedly hits new highs, reaching as high as $125,000; Ethereum (ETH) struggles around $2,800, still significantly below its all-time high; and the once "rising tide lifts all boats" altcoins have fallen into a deep abyss, with most projects plunging 80-95% from their 2021 peaks, unable to recover even amid BTC's new highs.
This completely deviates from the classic narrative of the past decade in the crypto market. The traditional "four-year cycle" script—"BTC first rises → ETH catches up → Altcoins rotate and surge"—seems to have completely failed in 2025. The familiar "carving a boat to seek a sword" strategy among veteran players has now become a joke of "carving a boat to seek fish."
Meanwhile, Grayscale, Coi