Why should we keep a close eye on our exchanges?

[Midexmth]

 Exchanges are like traditional banks, holding our money and valuable assets. Imagine waking up to find they're gone – it's unsettling. That's why staying informed about the exchanges we use is crucial in the crypto space.

The recent transparency report revealed some interesting insights. According to the April report from Coingecko (https://www.coingecko.com/research/publications/centralized-crypto-exchanges-market-share), Binance ranked 1st, Gate took 2nd, and Bitget secured 3rd. I was surprised by Gate's position, but what really caught my attention was Bitget's impressive performance. With a significant increase in user base (120 million), new product integration, surging spot trading volume, and ambitious global expansion and regulatory compliance initiatives, they're a force to be reckoned with.

If they maintain this momentum, it might be tough for others, like Bybit, to catch up. Do you think the top 3 exchanges deserve their rankings?