# GateSpotVolumeDefiesTrendRanksFirstInGrowthGlobally

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According to the latest CoinDesk report, global centralized exchange trading volume fell 3.45% in May, while Gate's spot trading volume grew 11.5% to $43.8 billion — the highest growth rate among major exchanges. Spot market share rose to 4.55%, ranking in the top five. Open interest in derivatives accounted for 10.8%, ranking third globally. Gate now serves over 54 million registered users.

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