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The first month of the new year marked the finalization of the 2023 assessments in the cryptocurrency ecosystem. The Cryptocurrency Exchanges 2023 Annual Report also revealed the performance of centralized and decentralized exchanges in the ecosystem. According to the report, the 2023 trading volume of the top 10 cryptocurrency exchanges was $34.26 trillion.
TURKEY - In the cryptocurrency ecosystem that welcomed 2024 with the approval of a spot Bitcoin EFT, data regarding the most preferred centralized and decentralized cryptocurrency exchanges in 2023 has become clear. The Cryptocurrency Exchanges 2023 Annual Summit Published by TokenInsight highlights the significant size of the cryptocurrency ecosystem, with the top 10 exchanges holding a 95% market share. Furthermore, the report revealed that the trading volume on centralized exchanges (CEX) in 2023 amounted to $34.26 trillion. Gate.io, the global cryptocurrency exchange preferred by over 14 million users worldwide, set a record regarding the number of projects listed and made available for cryptocurrency investors to trade.
According to the report, Gate.io, a cryptocurrency exchange that successfully increased its market share in spot trading throughout 2023, expanded its post-cryptocurrency offerings to 1,871 by listing 362 new cryptocurrency projects during the year. With this number, the exchange outperformed its closest competitor by 2.5 times on project listing, providing users with a significantly more diverse investment environment than the exchange at the bottom.
Gate.io’s Director of Global Growth, Kafkas Sönmez, emphasized the remarkable listing volume achieved by Gate.io in 2023. He stated, “Our meticulous operations and listing teams have worked tirelessly to provide more investment options to over 14 million users. This record is also greatly influenced by Gate.io’s Startup platform, which is unlike the Launchpads of other cryptocurrency exchanges; we are committed to delivering innovative, advanced, and promising cryptocurrency projects for the future of the crypto ecosystem to investors as quickly as possible.”
Kafkas Sönmez noted that the cryptocurrency, blockchain, and Web3 ecosystem is expanding to encompass different business areas day by day. He said, “For example, a project that combines investment and insurance fields or platforms created based on the Web3-based social network approach may emerge. After evaluating many factors, such as project founder, technical documentation, token distribution, budget, and total supply, we open up the new digital asset for trading. At Gate.io, individual investors and crypto development teams can apply for listing in a few steps. As Gate.io has surpassed all centralized exchanges regarding listed projects in the industry, we enable investors to quickly catch trends and establish closer interactions with the developer community.”
Gate.io’s Director of Global Growth and CEO of Gate TR, Kafkas Sönmez, emphasized their strategy of listing projects as a competitive lever and its significant role in increasing market share. He concluded his remarks by saying, "We also apply this strategy to reach local markets. In the markets where we operate, we attach importance to growth based on listings, increasing the diversity of investment tools for new user acquisition. By the end of 2023, the number of cryptocurrencies listed in the TRY trading pair exceeded 150. This number will increase further in 2024. In fact, in January, three projects, 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 in the Turkish lira through Gate TR. In the new year, we will continue to uphold this approach and expand the Gate.io ecosystem."
Contact: Tülay Genç | [email protected] | +31 30 799 6022
