The first month of the new year was the month when the evaluations for 2023 in the cryptocurrency ecosystem became clear. The Cryptocurrency Exchanges 2023 Annual Report also revealed the report card of centralized and decentralized exchanges in the ecosystem. According to the report, the 10 transaction volume of the top 2023 cryptocurrency exchanges was recorded as 34,26 trillion dollars.
In the cryptocurrency ecosystem, which welcomed 2024 with the approval of the spot Bitcoin ETF, data regarding the most preferred centralized and decentralized cryptocurrency exchanges in 2023 also became clear. The 2023 Annual Summary of Cryptocurrency Exchanges published by TokenInsight pointed out that the cryptocurrency ecosystem is very large, and showed that the 10 largest exchanges in terms of market share dominate 95% of the market. Additionally, the report revealed that the total transaction volume from central exchanges (CEX) in 2023 was 34,26 trillion. Gate.io, the global cryptocurrency exchange preferred by more than 14 million users worldwide, broke a record in terms of the number of projects listed and opened for trading by cryptocurrency investors.
Listed 2023 cryptocurrencies in 362
According to the report, the cryptocurrency exchange Gate.io, which managed to increase its market share in spot trading throughout 2023, increased the number of cryptocurrencies bought and sold in the spot market on the platform to 2023 with 362 new cryptocurrency projects listed in 1.871. With this figure, the exchange managed to list 2,5 times more projects than its closest competitor, and managed to offer its users an investment environment that is 8 times more diverse than the exchange at the bottom of the list.
Emphasizing that the listing volume that Gate.io achieved in 2023 is remarkable, Gate.io Global Growth Director Kafkas Sönmez said, “Our meticulous operations and listing teams worked intensively to offer more investment options to more than 14 million users. Gate.io's Startup platform, which is unlike the Launchpads of other cryptocurrency exchanges, also has a great impact on this record. "We are working to deliver innovative, advanced and value-promising crypto money projects to investors as quickly as possible," he said.
Offers more investment tools than any other platform
Noting that the crypto, blockchain and Web3 ecosystem is expanding to include different business areas day by day, Kafkas Sönmez said, “For example, we may encounter a project that brings together the fields of investment and insurance, as well as the local tokens of platforms created with a Web3-based social network approach. After the review processes we carry out by evaluating many factors such as project founders, technical documentation, token distribution, budget, total supply, we open the new digital asset for trading. On Gate.io, both individual investors and crypto developer teams can apply for listing in just a few steps. "As Gate.io, which leaves all the central exchanges in the industry behind in terms of the projects it lists, we are able to enable investors to catch up with the trends quickly, and on the other hand, we can establish closer interactions with the developer community."
“Our listings in the Turkish lira trading pair will increase”
Stating that they see project listing as a competitive lever and believe that it has an important role in increasing market share, Gate.io Global Growth Director and Gate TR CEO Kafkas Sönmez concluded his evaluations with the following statements: “We also apply this strategy to reach local markets. We attach importance to listing-based growth in the markets in which we operate and increasing the diversity of investment instruments for a part of new user acquisition. By the end of 2023, the number of cryptocurrencies listed in the TRY trading pair exceeded 150. This number will increase even more in 2024. In fact, in January, three projects, namely STARL, ASTRA and DODO, were listed on the Gate TR platform in the TRY trading pair. Turkish investors can easily invest in projects with future potential with Turkish lira through Gate TR. In the new year, we will continue to maintain this approach and expand the Gate.io ecosystem.
