GateIO Exchange Trade Data

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GateIO API

Information
Network
-
Source type
CEX
Volume 24h
$ 750,333,079.835
Pairs available
452
Trades 24h
3,494,376
Exchange Information

What is GateIO?

GateIO is a cryptocurrency exchange platform founded in 2017 by Lin Han. It allows users to trade various digital assets, including cryptocurrencies and tokens. The platform aims to provide a secure and user-friendly environment for buying, selling, and storing digital assets. The name "GateIO" represents the idea of being a gateway to the world of cryptocurrencies.

What are the benefits of using GateIO?

GateIO is a cryptocurrency exchange that offers several benefits compared to its direct competitors. One of the key advantages of using GateIO is its wide range of available trading pairs. The platform supports a diverse selection of cryptocurrencies, providing users with ample opportunities to diversify their investment portfolios.

Additionally, GateIO offers a user-friendly interface that is intuitive and easy to navigate, making it suitable for both beginners and experienced traders. The platform also provides advanced trading features, such as margin trading and futures trading, allowing users to engage in more sophisticated trading strategies if desired.

Another benefit of GateIO is its advanced security measures. The exchange implements industry-standard security protocols, including two-factor authentication and cold storage for funds, ensuring the safety of users' assets. Furthermore, GateIO has a strong track record of maintaining high-level security and has not experienced any major security breaches.

In terms of fees, GateIO is known for its competitive fee structure. The exchange offers a tiered fee system based on trading volume, which provides discounts for high-volume traders. This can be advantageous for frequent traders who want to minimize their trading costs.

While GateIO has many benefits, it's important to note that there are several other reputable cryptocurrency exchanges in the market. Competitors such as Binance, Coinbase, and Kraken also offer similar features and benefits. Ultimately, the choice of which exchange to use will depend on individual preferences and requirements.

How does GateIO work?

Gate.io is a cryptocurrency exchange platform that operates using blockchain technology. The underlying technology behind Gate.io is based on a decentralized ledger system known as the Ethereum blockchain. Ethereum is a popular blockchain platform that allows for the creation and execution of smart contracts.

Gate.io functions as a trading platform where users can buy and sell various cryptocurrencies. It acts as an intermediary between buyers and sellers, facilitating the transactions and ensuring that they are executed securely and efficiently.

When a user wants to trade on Gate.io, they must first create an account and go through a verification process. Once their account is set up, they can deposit their desired cryptocurrencies into their account wallet. Gate.io offers a wide range of cryptocurrencies for trading, including popular options like Bitcoin, Ethereum, and Litecoin, as well as many altcoins.

Once the user has deposited funds into their account, they can place buy or sell orders on the platform. Gate.io matches the buy and sell orders from different users and executes the trades accordingly. The platform also provides users with features like order books and trading charts to help them make informed trading decisions.

Gate.io ensures security by utilizing advanced encryption techniques and implementing stringent security measures. It also employs cold storage methods to store users' funds securely.

In summary, Gate.io is a cryptocurrency exchange platform that operates on the Ethereum blockchain. It provides users with a safe and convenient way to trade various cryptocurrencies using smart contracts and advanced security measures.

How does DIA fetch GateIO trade data?

DIA adopts a comprehensive approach to fetching trade data from different types of exchanges, including DeFi and NFT exchanges. The process varies depending on the type of exchange.

For centralized exchanges, such as Coinbase, Kraken, and Binance, DIA utilizes scaper tools to directly collect trades from the exchange databases. This is done using Rest APIs or WebSocket APIs. The frequency of data collection varies from 1 to 7 seconds, depending on the exchange. By fetching data directly from the source, DIA ensures high precision and real-time updates.

In the case of decentralized exchanges, DIA retrieves data from various blockchains by subscribing to swap events in liquidity pools. Examples of decentralized exchange sources include Uniswap, curve.finance, and PancakeSwap. This approach allows DIA to gather trading data directly from the blockchain, ensuring data accuracy and transparency.

When it comes to NFT marketplaces, DIA captures live trading data by accessing the smart contracts of integrated marketplaces. The retrieval period for NFT data ranges from 20 seconds to 1 minute, covering all NFT transactions happening in real-time. By leveraging the smart contracts, DIA avoids relying on unreliable bids and offers data, providing a more accurate representation of the broader NFT market. Notable NFT integrated exchange sources include Blur, X2Y2, OpenSea, and TofuNFT.

In summary, DIA employs different methods to fetch trade data from DeFi and NFT exchanges. They use scraper tools for centralized exchanges, subscribe to swap events in liquidity pools for decentralized exchanges, and access smart contracts for NFT marketplaces. By utilizing these approaches, DIA ensures high accuracy and flexibility in providing customizable price feeds.

How build oracles with GateIO data?

DIA uses a systematic process to compute trade data from GateIO and build price feed oracles. The process varies depending on whether we are referring to a DeFi exchange or an NFT collection.

For DeFi exchanges, DIA follows a two-step approach. First, data cleaning and outlier detection are conducted to ensure the resilience of the price estimation process against trades that deviate significantly from the market price. Outliers are detected and excluded using an Interquartile Range (IR) filter, which removes data points and sets that lie outside an acceptable range relative to the interquartile range. This step is crucial, especially for illiquid markets, to prevent misaligned price data caused by low-volume trades.

Once the data is cleaned, DIA applies price determination methodologies to calculate the final price. One example is the Volume Weighted Average Price (VWAP), which considers the different volumes of trades. Another method is the Moving Average with Interquartile Range Filter (MAIR), where trades are ordered by timestamp and weighted against volume to derive the final price. DIA offers multiple filters to cater to different use cases and data requirements.

On the other hand, to build price oracles for NFT collections, DIA follows a different process. The on-chain trade data is first cleansed to exclude outliers and manipulation techniques. This is crucial as NFT floor prices can be easily manipulated. After the cleansing step, various pricing methodologies are applied. The simplest and least safe method is the Floor Price, which provides the lowest sale price recorded on the blockchain within a given time window. DIA also offers more advanced methodologies, such as the Moving Average of Floor Price, which calculates a moving average of the collection's floor price. These methodologies aim to provide more realistic and reliable NFT floor prices by incorporating customizable parameters and applying interquartile range outlier detection filters.

In summary, DIA applies thorough data cleaning and outlier detection processes to compute trade data from GateIO and builds price feed oracles using various price determination methodologies. The specific process differs for DeFi exchanges and NFT collections to ensure accurate and reliable price data.

How does DIA source price oracle data?

Instead of distributing pre-calculated data feeds, DIA covers the whole data journey from individual trade collection, and computation to the last mile of the feed delivery.

Granular trade data collection
DIA retrieves token and NFT tradign data from 100+ exchanges. This enables DIA to build the most precise and customizable price feed oracles.
Instant, direct sourcing
DIA utilizes RPCs and WebSockets to subscribe to swap events and gather trading data from both DEX liquidity pools and CEX databases, allowing for real-time data collection.
Learn more about data sourcing