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Gate Futures Open Interest Reaches $11.534 Billion, Ranking Behind Binance and Bybit

According to DefiLlama (crypto data platform), Gate recorded $11.534 billion in futures open interest over the past 24 hours, placing it among the leading centralized exchanges.

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Summary

DefiLlama data shows that Gate posted $11.534 billion in futures open interest over the past 24 hours. The exchange ranked among the top centralized exchanges, trailing only Binance and Bybit in the reported comparison. Open interest reflects the total value of active derivatives positions and is commonly used to gauge trading activity and market participation on crypto futures platforms.

Terms & Concepts
  • Open interest: The total value of outstanding derivatives contracts that remain active and have not been closed or settled.
  • Futures: Derivative contracts that let traders speculate on an asset’s price at a later date without necessarily holding the underlying asset directly.
  • Centralized exchange: A crypto trading platform operated by a company that manages order matching, custody, and user access.