Crypto
In 2024, Gate, one of the world’s leading digital asset trading platforms, experienced a year of growth and deep innovation. Through industry insights, new product strategies, and an understanding of user needs, Gate achieved the biggest user numbers and trading volumes while expanding its ecosystem to drive platform development.
Sustained Growth in Users and Trading Volume, Securing 4th Place in Market Share
According to its public report, Gate.io’s user base surpassed 20 million, with over 50% growth, and trading volume reached $3.8 trillion, a 120% year-on-year increase. Spot trading volume exceeded $1.8 trillion, and contract trading volume reached $2 trillion, both showing growth. This reflects Gate’s increasing global market penetration.
The platform launched 873 new tokens yearly, including 437 first listings, providing users with diverse investment options. Gate also demonstrated strong performance in regional markets, particularly in Asia and Europe, where trading volumes and user numbers grew.
Through its Gate Startup initiative, the platform continued to introduce innovative features, distributing airdrops worth nearly $30 million, with airdrop value exceeding $120 million. Gate Token (GT) saw 300% growth in 2024, with its price reaching a high of $18.667 as of January 9th, 2025. These metrics reflect Gate’s steady growth trajectory.
Innovative Products Leading Emerging Markets with Over $1 Billion Trading Volume
Gate continued to lead in product innovation in 2024, especially in the Memecoin sector. Since its launch, Pilot has achieved over $1 billion in trading volume, listing more than 500 Memecoin projects. A $50 million dedicated fund was established to support the Memecoin market.
The platform increased its focus on the TON ecosystem. Through collaboration with Telegram, Gate introduced the Gate Wallet Mini App and Mini App. Monthly active users for these apps exceeded 2.55 million and 1.4 million, further strengthening Gate’s influence in the Web3 and blockchain ecosystem.
Strong Momentum in Quantitative Investment
Gate made notable progress in quantitative investment. The Quantitative Fund launched in April became an industry benchmark, attracting high-net-worth investors with its innovative low-risk, strategy and flexible redemption mechanisms. In its first year, the fund achieved an annualized return of over 20%, outperforming the average across major platforms.
Gate’s USDT-based fund reported an annualized return of over 40%, while the BTC-based fund achieved 25%. These results bolstered institutional investor engagement, with spot trading volume increasing 4.4 times and contract trading volume growing 1.63 times year-on-year. Broker services also saw a 17-fold increase in trading volume.
Reserves Totaling $9.566 Billion: Building Trust Through Security and Compliance
In 2024, Gate excelled in reserve fund performance, providing users with a robust security framework. The platform’s total reserves reached $9.566 billion, with a reserve ratio of 123.91%, up 47.2% from the previous audit. Excess reserves $1.846 billion, an increase of 68.89%, ranking second among major platforms. Reserve ratios for mainstream cryptocurrencies like Bitcoin and Ethereum stood at 124.47% and 128.52%, exceeding the industry average by 20 percentage points.
Gate Entities has continued to work on its compliance framework, advancing regulatory efforts across multiple regions. By acquiring Coin Master, Gate Entities expanded its compliance presence in the Asian market. Through its Malta platform, it has submitted a MiCA license application and further bolstered its compliance presence in Europe by acquiring the licensed institution Sheer Markets in Cyprus. Gate Entities completed VASP registration in Argentina and is advancing compliance initiatives in key global markets, including Gibraltar, the Bahamas, Hong Kong, Singapore, and the Middle East.
Financial Innovation to Meet Diverse Investment Needs: Gate Earn Surges 185%
Gate achieved the next milestones in financial innovation, particularly in the Gate Earn product line. Gate Earn’s daily funds surged 185%, reaching nearly $2 billion USDT. The platform added over 500,000 new users, with 205% year-on-year growth. Supporting 832 tokens, Gate offers rewards pools for USDT, BTC, ETH, and other major cryptocurrencies.
With 665 projects covering a total fund scale of $18 billion, Gate continues to meet the diverse needs of its users. Innovative products like on-chain staking, dual-currency investment, and GT mining further enhance asset management flexibility and expand investment options.
Collaborating with Industry Leaders to Drive Innovation and Growth
Gate partnered with several industry leaders to advance blockchain innovation and ecosystem development. Collaborations included strategic partnerships with Elliptic and Chainalysis to enhance compliance and security, a $10 million investment in The Open Network (TON), and a $100 million Web3 innovation fund co-launched with the Abu Dhabi Blockchain Center. Other partnerships focused on accelerating development in the Move ecosystem.
Gate also strengthened collaborations with global cloud providers to enhance platform performance and security. Investing in Web3, Gate is driving blockchain innovation and ecosystem expansion.
Notably, Gate.io became the official sleeve sponsor for Inter, creating more market opportunities for the crypto sector.
Looking Ahead
In 2024, Gate strengthened its global leadership in digital asset trading through innovation and ecosystem growth. The platform’s increased trading volume and new initiatives highlighted its market competitiveness and industry influence.
Looking forward, Gate aims to deepen its core focus, expand into emerging markets, and advance blockchain applications while delivering diverse, high-quality services and leveraging technology to drive social progress.
About Gate.io
Gate.io is one of the world’s earliest cryptocurrency exchanges and a leader in secure, compliant digital asset services. Offering 100% user-verifiable Proof of Reserves, it is consistently ranked among the top 10 exchanges. Beyond trading, Gate.io’s ecosystem includes decentralized finance, analytics, venture capital, wallet services, and startup incubation, serving over 20 million users worldwide.
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