In 2024, Gate, a number one world digital asset buying and selling platform, skilled a 12 months of speedy progress and profound innovation. By way of in-depth trade data, revolutionary product methods and a deep understanding of consumer wants, Gate has achieved report consumer numbers and transaction volumes whereas actively increasing its numerous ecosystem to drive the general improvement of the platform.
Sustained progress within the variety of customers and buying and selling quantity, securing 4th place in market share
Based on its public report, Gate.io's whole consumer base exceeded 20 million, rising by greater than 50%, whereas buying and selling quantity reached $3.8 trillion, a rise of 120%. over a 12 months. Spot buying and selling quantity exceeded $1.8 trillion and contract buying and selling quantity reached $2 trillion, each exhibiting vital progress. This displays Gate's rising world market penetration and the enchantment of its merchandise.
The platform launched 873 new tokens all year long, together with 437 unique debut listings, offering customers with varied funding choices. Gate has additionally demonstrated robust efficiency in varied regional markets, together with Asia and Europe, the place transaction volumes and consumer numbers have elevated considerably.
By way of its Gate Startup initiative, the platform has continued to introduce revolutionary options, delivering airdrops value practically $30 million, with a cumulative airdrop worth exceeding $120 million. Moreover, Gate Token (GT) has seen practically 300% progress in 2024, with its value reaching an all-time excessive of $18,667 as of January 9, 2025. These metrics spotlight Gate's robust progress momentum.
Progressive merchandise main in rising markets with a transaction quantity of over $1 billion
Gate continued to steer in product innovation in 2024, particularly within the Memecoin sector. By launching devoted Pilot and MemeBox, the platform has attracted vital consumer participation on this rising market. Since its launch, Pilot has achieved over $1 billion in buying and selling quantity, itemizing over 500 Memecoin tasks. Moreover, a devoted $50 million fund has been created to help the booming Memecoin market.
The platform has additionally targeted extra on the TON ecosystem. By way of a collaboration with Telegram, Gate launched the Gate Pockets Mini and Mini App, which attracted many customers from the TON ecosystem. The month-to-month lively customers of those purposes have exceeded 2.55 million and 1.4 million respectively, additional strengthening Gate's affect within the Web3 and blockchain ecosystem.
Robust momentum in quantitative investing with superior returns
Gate has made notable progress in quantitative investing. The Quantitative Fund launched in April has turn out to be an trade benchmark, attracting rich buyers with its revolutionary low-risk, high-return technique and versatile redemption mechanisms. In its first 12 months, the fund achieved an annualized return of greater than 20%, outperforming the common of the key platforms.
Gate's USDT-based fund noticed an annualized return of over 40%, whereas the BTC-based fund achieved 25%. These spectacular outcomes considerably elevated institutional investor engagement, with spot buying and selling quantity rising 4.4x and contract buying and selling quantity rising 1.63x year-over-year. Brokerage companies additionally noticed a 17-fold improve in buying and selling quantity, reflecting rising demand for Gate's institutional companies {and professional} buying and selling techniques.
Reserves totaling $9.566 billion: constructing belief by safety and compliance
In 2024, Gate has excelled in reserve fund efficiency, offering customers with a strong safety framework. The platform's whole reserves reached $9.566 billion, with a reserve ratio of 123.91%, up 47.2% from the earlier audit. Extra reserves reached an all-time excessive of $1.846 billion, a rise of 68.89%, rating second amongst main platforms. Reserve ratios for conventional cryptocurrencies like Bitcoin and Ethereum stood at 124.47% and 128.52%, surpassing the trade common by 20 share factors.
On the similar time, Gate Entities continued to strengthen its compliance framework, actively advancing regulatory efforts in a number of areas. By buying Coin Grasp, Gate Entities has expanded its compliance presence within the Asian market. Utilizing its Maltese platform, it efficiently submitted an utility for a MiCA license and additional strengthened its compliance presence in Europe by buying licensed establishment Sheer Markets in Cyprus. Moreover, Gate Entities accomplished VASP registration in Argentina and superior compliance initiatives in key world markets together with Gibraltar, Bahamas, Hong Kong, Singapore and the Center East, paving the way in which for future world growth .
Monetary Innovation to Meet Numerous Funding Wants: Gate's Income Will increase by 185%
Gate has achieved outstanding milestones in monetary innovation, significantly within the Gate Earn product line. Gate Earn's every day funds jumped 185%, reaching nearly US$2 billion. The platform added over 500,000 new customers, with 205% year-over-year progress. Supporting 832 tokens, Gate provides reward swimming pools for USDT, BTC, ETH and different main cryptocurrencies, with as much as 30% extra returns.
With 665 tasks spanning a complete of $18 billion, Gate continues to satisfy the various wants of its customers. Progressive merchandise resembling on-chain staking, dual-currency investing, and GT mining additional enhance asset administration flexibility and broaden funding choices.
Collaborate with trade leaders to drive innovation and progress
Gate has partnered with a number of trade leaders to advance blockchain innovation and ecosystem improvement. Collaborations included strategic partnerships with Elliptic and Chainalysis to enhance compliance and safety, a $10 million funding in The Open Community (TON), and a $100 million Web3 Innovation Fund co-launched with the Abu Dhabi Blockchain Middle. Different partnerships have targeted on accelerating improvement within the Transfer ecosystem and extra.
Gate has additionally strengthened collaborations with world cloud suppliers to enhance platform efficiency and safety. By actively investing in Web3, Gate is driving blockchain innovation and ecosystem growth, cementing its main place within the cryptocurrency trade.
Notably, Gate.io grew to become the official sponsor of Inter, creating extra market alternatives for the crypto sector.
Seeking to the Future: Deepening World Markets and Driving Trade Innovation
In 2024, Gate has consolidated its management in world digital asset buying and selling by innovation-driven progress and a various ecosystem. With sturdy progress in commerce quantity and thriving revolutionary companies, Gate has demonstrated robust market competitiveness and robust trade affect.
Sooner or later, Gate will proceed to treat innovation as a driving drive, focus extra on its core companies, broaden into rising markets, and advance the event and utility of blockchain know-how. The platform goals to supply customers with extra numerous and high-quality services. On the similar time, Gate will actively fulfill its social tasks, leveraging know-how to drive social progress.
Gate will collaborate with its customers and world companions to repeatedly enhance its merchandise, optimize its companies and provides again to the neighborhood, working collectively to construct a safe, clear and open Web3 world.
Media Contact:Elaine Wang at (e mail protected)
