In 2024, Gate, one of many world’s main digital asset buying and selling platforms, skilled a yr of fast progress and deep innovation. By sharp business insights, revolutionary product methods, and a profound understanding of consumer wants, Gate achieved record-breaking consumer numbers and buying and selling volumes whereas actively increasing its diversified ecosystem to drive general platform growth.
Sustained Progress in Customers and Trading Quantity, Securing 4th Place in Market Share
In accordance with its public report, Gate.io’s complete consumer base surpassed 20 million, with over 50% progress, whereas buying and selling quantity reached $3.8 trillion, a 120% year-on-year enhance. Spot buying and selling quantity exceeded $1.8 trillion, and contract buying and selling quantity reached $2 trillion, each displaying vital progress. This displays Gate’s rising international market penetration and the enchantment of its merchandise.
The platform launched 873 new tokens all year long, together with 437 unique first listings, offering customers with numerous funding choices. Gate additionally demonstrated robust efficiency in numerous regional markets, notably in Asia and Europe, the place each buying and selling volumes and consumer numbers grew considerably.
By its Gate Startup initiative, the platform continued to introduce revolutionary options, distributing airdrops value almost $30 million, with cumulative airdrop worth exceeding $120 million. Moreover, Gate Token (GT) noticed almost 300% progress in 2024, with its price reaching a historic excessive of $18.667 as of January ninth, 2025. These metrics spotlight Gate’s strong progress momentum.
Revolutionary Merchandise Main Rising Markets with Over $1 Billion Trading Quantity
Gate continued to guide in product innovation in 2024, particularly within the Memecoin sector. By launching devoted Pilot and MemeBox, the platform attracted vital consumer participation on this rising market. Since its launch, Pilot has achieved over $1 billion in buying and selling quantity, itemizing greater than 500 Memecoin initiatives. Moreover, a $50 million devoted fund was established to assist the booming Memecoin market.
The platform additionally elevated its deal with the TON ecosystem. By collaboration with Telegram, Gate launched the Gate Pockets Mini App and Mini App, which attracted quite a few TON ecosystem customers. Month-to-month energetic customers for these apps exceeded 2.55 million and 1.4 million, respectively, additional strengthening Gate’s affect within the Web3 and blockchain ecosystem.
Sturdy Momentum in Quantitative Funding with Superior Returns
Gate made notable progress in quantitative funding. The Quantitative Fund launched in April grew to become an business benchmark, attracting high-net-worth traders with its revolutionary low-risk, high-return technique and versatile redemption mechanisms. In its first yr, the fund achieved an annualized return of over 20%, outperforming the typical throughout main platforms.
Gate’s USDT-based fund reported an annualized return of over 40%, whereas the BTC-based fund achieved 25%. These spectacular outcomes considerably bolstered institutional investor engagement, with spot buying and selling quantity rising 4.4 instances and contract buying and selling quantity rising 1.63 instances year-on-year. Dealer companies additionally noticed a 17-fold enhance in buying and selling quantity, reflecting rising demand for Gate’s institutional companies {and professional} buying and selling programs.
Reserves Totaling $9.566 Billion: Constructing Belief By Safety and Compliance
In 2024, Gate excelled in reserve fund efficiency, offering customers with a sturdy safety framework. The platform’s complete reserves reached $9.566 billion, with a reserve ratio of 123.91%, up 47.2% from the earlier audit. Extra reserves hit a historic excessive of $1.846 billion, a rise of 68.89%, rating second amongst main platforms. Reserve ratios for mainstream cryptocurrencies like Bitcoin and Ethereum stood at 124.47% and 128.52%, exceeding the business common by 20 share factors.
On the similar time, Gate Entities has continued to strengthen its compliance framework, actively advancing regulatory efforts throughout a number of areas. By buying Coin Grasp, Gate Entities expanded its compliance presence within the Asian market. By its Malta platform, it has efficiently submitted a MiCA license software and additional bolstered its compliance presence in Europe by buying the licensed establishment Sheer Markets in Cyprus. Moreover, Gate Entities accomplished VASP registration in Argentina and is advancing compliance initiatives in key international markets, together with Gibraltar, the Bahamas, Hong Kong, Singapore, and the Center East, paving the best way for future international growth.
Monetary Innovation to Meet Numerous Funding Wants: Gate Earn Surges 185%
Gate achieved exceptional milestones in monetary innovation, notably within the Gate Earn product line. Gate Earn’s each day funds surged 185%, reaching almost $2 billion USDT. The platform added over 500,000 new customers, with 205% year-on-year progress. Supporting 832 tokens, Gate provides rewards swimming pools for USDT, BTC, ETH, and different main cryptocurrencies, with up to 30% extra returns.
With 665 initiatives protecting a complete fund scale of $18 billion, Gate continues to fulfill the varied wants of its customers. Revolutionary merchandise like on-chain staking, dual-currency funding, and GT mining additional improve asset administration flexibility and increase funding choices.
Collaborating with Trade Leaders to Drive Innovation and Progress
Gate partnered with a number of business leaders to advance blockchain innovation and ecosystem growth. Collaborations included strategic partnerships with Elliptic and Chainalysis to boost 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 Heart. Different partnerships centered on accelerating growth within the Transfer ecosystem and extra.
Gate additionally strengthened collaborations with international cloud suppliers to boost platform efficiency and safety. Actively investing in Web3, Gate is driving blockchain innovation and ecosystem growth, solidifying its place as a pacesetter within the cryptocurrency business.
Notably, Gate.io grew to become the official sleeve sponsor for Inter, creating extra market alternatives for the crypto sector.
Trying Forward: Deepening World Markets and Driving Trade Innovation
In 2024, Gate solidified its management within the international digital asset buying and selling area by way of innovation-driven progress and a diversified ecosystem. With strong progress in buying and selling quantity and thriving revolutionary companies, Gate demonstrated robust market competitiveness and business affect.
Trying forward, Gate will proceed to embrace innovation as a driving power, deepen its deal with core companies, increase into rising markets, and advance the event and software of blockchain know-how. The platform goals to offer customers with extra numerous and high-quality services. On the similar time, Gate will actively fulfill its social obligations, leveraging know-how to drive social progress.
Gate will collaborate with its customers and international companions to repeatedly improve merchandise, optimize companies, and provides again to the neighborhood, working collectively to construct a safe, clear, and open Web3 world.