The CEX competition has entered the second half—why is Gate worth watching?

The CEX market today is no longer in its early stage of simply competing on user numbers. Mature exchanges are really competing on market depth, derivatives capabilities, product innovation, and whether they can continuously capture new trends. Gate’s recent performance happens to align with several key directions.
Data shows that Gate’s spot trading volume in July was approximately $35.8 billion, ranking fourth globally; its derivatives trading volume was approximately $276 billion, with a market share of 9.08%. At the same time, its open interest market share reached 11.2%, placing it among the world’s leading retail trading platforms.
By August, RWA perpetuals had become a new growth engine. Gate’s trading volume in this business grew 158% month-on-month to reach $64.7 billion, with its market share rising to 12.6%, ranking third globally.
This shows that Gate is forming a relatively clear growth path: traditional spot trading lays the foundation, derivatives provide market depth, and RWA unlocks incremental growth. For CEXs, it is not easy to capture all three directions at once. Top 4 may not be the finish line, but rather the starting line for the next round of competition.
#Gate主流CEXTop4