Gate.io’s First Global Futures Competition Sees Over $2 Billion In Transactions

14 Feb, 2022

By chainwire

chainwire

Author

Read full bio

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Sponsored

Win upto $300,000 . AD ›

Get up to $1190 Reward . AD ›

Singapore, Singapore, 14th February, 2022, Chainwire

Gate.io’s first ever Global Futures Trading Competition has come to an end. After receiving much fanfare since it was first announced in mid-December 2021, the GTFC has ended as individual traders and teams battled it for the top spot.

In the less than a month that the campaign was active, over 5,000 participants took part in the solo and troop campaigns, transacting over $2 billion in futures trades. Gate.io issued a heartfelt thanks to participants of the campaign, with plans for more campaigns in the near future(s).

Futures Trading on Gate.io

Futures trading has become one of the most popular services offered by Gate.io, with the main futures exchange offering over 200 trading pairs with daily trading volume regularly exceeding $4 billion. To incentivise users, Gate.io offers $500 in contract bonuses to new users who join the platform, with features such as perpetual contracts, delivery contracts, copy trading and more to choose from.

Throughout 2021, Gate.io experienced tremendous growth with its user base increasing over 3 fold. The futures trading platform saw its highest daily trading volume surpass $7 billion whereas copy trading volume exceeded $1.7 billion, cementing Gate.io’s place as a top 5 crypto futures exchange.

Futures and The Future

Throughout the Gate.io Global Futures Trading Competition, over 2,000 new users joined specifically for the campaign, joining over 10 million other users on the Gate.io exchange. Each new user received a special NFT as a gift from Gate.io’s NFT Magic Box marketplace.

The GTFC saw users from across the world participate, with particular interest from users in Russia, Turkey and the Netherlands. The company thanked every single participant and alluded to plans for more futures-specific trading competitions in the near future.

Gate.io has specifically cultivated a comprehensive ecosystem, besides spot and futures trading, users can invest in early stage projects through Gate Startup, create and trade NFTs on the NFT Magic Box platform, build unique products on GateChain and safely store their digital assets on Wallet.io.

About Gate.io

Gate.io allows blockchain enthusiasts to trade and store assets in over 1,250 of the leading cryptocurrencies for over 10 million users from over 190 countries. The exchange offers spot, margin, futures and contract trading in addition to DeFi products through Hipo DeFi, custodial services through Wallet.io, investments through Gate Labs and its dedicated GateChain platform. The company also offers a wholly integrated suite of products such as its Startup IEO platform, NFT Magic Box marketplace, crypto loans and more.

Contacts

Head of PR & Communication

Dion
Gate.io
[email protected]

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.