Trade
Basic
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
Get prepared for your futures trading
Futures Events
Participate in events to win generous rewards
Demo Trading
Use virtual funds to experience risk-free trading
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
Promotions
Activity Center
Join activities and win big cash prizes and exclusive merch
Referral
20 USDT
Earn 40% commission or up to 500 USDT rewards
Announcements
Announcements of new listings, activities, upgrades, etc
Gate Blog
Crypto industry articles
VIP Services
Huge fee discounts
Proof of Reserves
Gate promises 100% proof of reserves
This bull market is a bit awkward—it's called a bull market, but it might be the hardest one to make money since the birth of Bitcoin.
From 2012 to 2013, Bitcoin skyrocketed by 256 times, and almost everyone who entered the market profited. Between 2016 and 2017, ICO projects flooded the scene, with hundreds of times coins appearing frequently, and participants earning substantial returns. From 2020 to 2021, DeFi and GameFi exploded, with 10x coins emerging constantly, and mainstream projects seeing significant gains.
But now? In the 2024 to 2025 cycle, although leading coins like Bitcoin have performed, almost all altcoins have failed. Even more painfully, about 80% of market participants are losing money. The opportunities to make money have clearly decreased, while the difficulty of earning has increased. This inevitably makes people wonder— is the definition of a bull market changing, or is the structure of participants changing?