Established in 2013, Gate is one of the world's pioneering cryptocurrency exchanges, serving over 43 million users globally. It consistently ranks among the top 3 globally in both trading volume and liquidity. Gate is currently ranked second globally in 24-hour spot trading volume, supporting spot trading, futures trading, margin trading, and wealth management products for over 3,600 cryptocurrencies. The platform offers comprehensive and diversified digital asset trading and blockchain application services. It employs zero-knowledge technology to ensure the 100% verifiability of user assets. As of ... October 28, 2025, the total value of Gate’s reserves reached 11.676 billion USD, and the total reserve ratio reached 124%; Gate’s reserves cover nearly 500 types of user assets. Gate has a reported 24h volume of $1 649 839 704 with an Estimated Real Volume of $196 967 763 It is a a centralized exchange that offers 1977 currencies and has a 8.96% Confidence Score based on our Algorithms.
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).
Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
How to use it?
By default Market depth is showing the most liquid markets sorted by Combined Orders (which is a sum of buy and sell orders). This way it provides the most interesting information already. Left (green) side of the market depth bar is showing how many buy orders are open, and right (red) side of the bar is showing how many sell orders are open (both can be recalculated to BTC, ETH or any fiat we have available on the site).
Confidence
Due to rampant malicious practices in the crypto exchanges environment, we have introduced in 2019 and 2020 new ways of evaluating exchanges and one of them is - Confidence. Because it's a new metric - it's essential to know how it works.
Confidence is weighted based on 3 principles:
Based on the liquidity from order books (75%) - including overall liquidity and market depth/volume ratio, volumes included, if exchange is low volume (below 2M USD volume 24h)
Based on web traffic (20%) - using Alexa rank as a main indicator of site popularity
Based on regulation (5%) - researching and evaluating licensing for exchange - by respective institutions
Adding all of these subscores give overall main result - Confidence
Confidence is mainly based on liquidity, because it's the most important aspect of cryptocurrency exchanges. Without liquidity there is no trading, illiquid markets tend to collapse in the long term. Besides liquidity - there is also an additional factor in calculation of score - market depth/volume ratio. If volume is huge (especially when it’s growing much faster than liquidity), and market depth seems to not keep pace with - it's reducing overall score. Exchanges that keep market makers liquidity with expanding volume are those that keep all ratios in-tact and have overall score above 75-80% (it means that they have all liquidity ratios above minimum requirements, high web traffic participation, and are often regulated).
No items matched that search criteria
* Price / Volume Excluded - Outlier detected
*** Volume Excluded - no fresh data from exchange API
Confidence score is our new formula, which is evaluating exchanges, on three principal matters:
Confidence
Liquidity
Web Traffic
Regulations
Each of these have appropriate weights, which are calculated into proper score.
Important
Good
Liquidity to Volume ratio (CO/Vol based) on this market is good, and volume seems to be accurately represented.
Average
Liquidity to Volume ratio (CO/Vol based) on this market is average, reported volume by exchange can be higher, than it is in reality.
Bad
Liquidity to Volume ratio (CO/Vol based) on this market is bad, there is high probability that volume is inflated (e.g. wash-trading), or market isn't liquid enough (low volume exchange).
No data
There is no data, available regarding this market.
