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Trading Type
Spot
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Trade new tokens before they are officially listed
Margin
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Convert & Block Trading
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Trade any size with no fees and no slippage
Alpha
Points
Get promising tokens in streamlined on-chain trading
Leveraged Tokens
Get exposure to leveraged positions simply
Futures
Futures
Hundreds of contracts settled in USDT or BTC
Options
HOT
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
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Futures Events
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Demo Trading
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Earn
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
NEW
Trade on-chain assets and enjoy airdrop rewards!
Futures Points
NEW
Earn futures points and claim airdrop rewards
Investment
Simple Earn
Earn interests with idle tokens
Auto-Invest
Auto-invest on a regular basis
Dual Investment
Buy low and sell high to take profits from price fluctuations
Soft Staking
Earn rewards with flexible staking
Crypto Loan
0 Fees
Pledge one crypto to borrow another
Lending Center
One-stop lending hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
Stake cryptos to earn in PoS products
Smart Leverage
NEW
No forced liquidation before maturity, worry-free leveraged gains
GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
More
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Activity Center
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Referral
20 USDT
Earn 40% commission or up to 500 USDT rewards
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Gate Blog
Crypto industry articles
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Proof of Reserves
Gate promises 100% proof of reserves
Crypto 2025 Was a Macro Story
Crypto didn’t crash in 2025 because of hacks or bad protocols.
It crashed because macro took over.
The first selloff hit in Q1. Market cap dropped from 3.6T to 2.42T in just a few months. No FTX, no exploits. Trump’s trade war narrative pushed markets into risk off and crypto moved with every other risky asset.
When trade tensions paused, liquidity came back fast. From April to August, BTC and ETH made new all time highs. People started saying the four year cycle was dead and a supercycle had begun.
Then August changed everything. Trade war fears returned. The market started to look like 2021 again. Double top discussions spread and long term holders began selling. The second crash was faster and bigger. Market cap fell from 4.28T to 2.89T by late November.
By Q4, macro fully controlled price. Inflation stayed high, unemployment rose, and the Bank of Japan signaled rate hikes. Capital went defensive and leverage unwound.
The lesson from 2025 is simple.
Crypto still follows the four year cycle.
Macro and liquidity matter more than narratives.
Hopefully 2026 brings a healthier market and a real reset for the next leg up.