Cryptocurrency exchange Gate has recorded significant net capital inflows, demonstrating strong market confidence in its platform.
Over the past 24 hours, Gate registered a net inflow of $10.567 million, positioning it as the exchange with the second-largest daily inflow globally. Only ‘Top Exchange 1’ saw higher inflows at $12.3 million, while ‘Top Exchange 3’ recorded $9.8 million.
This positive trend is sustained, with the exchange accumulating net inflows exceeding $74.84 million over the preceding seven days.
The robust capital movement is attributed to heightened trading activity on the platform, the introduction of new asset listings, and overall favorable market conditions favoring select exchanges.
The ongoing positive net inflows suggest a potential market shift where investors increasingly favor exchanges perceived to offer enhanced security measures and robust liquidity pools.