Gate.io is probably doing fake volume
Gate.io is probably doing fake volume
This exchange claims doing ~30% of Monero XMR trading volume following CoinGecko markets tab.
Monero is a good example because it's not that much speculated (more used as a currency), when looking kraken or tradeogre.
On an other side, nobody mentions Gate as a platform to buy Monero or as a liquidity provider for instant crypto exchanges.
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Gate is pretty big tbf. They list anything so it’s the biggest exchange most coins can get on and have tons of users.
But yeh no doubt they’re all doing fake volume.