In 2024, Gate, one of many world's main digital asset buying and selling platforms, skilled a 12 months of fast development and deep innovation. By sharp business insights, modern product methods, and a deep understanding of consumer wants, Gate has achieved report consumer numbers and enterprise volumes, whereas actively increasing its diversified ecosystem to drive total platform improvement.
Everlasting development within the variety of customers and the amount of enterprise, guaranteeing the 4th place available in the market share
Based on a public report, Gate.io's whole consumer base exceeded 20 million with greater than 50% development, whereas commerce quantity reached $3.8 trillion, a 120% year-over-year enhance. Spot buying and selling quantity exceeded $1.8 trillion and contract buying and selling quantity reached $2 trillion, each displaying important development. This displays Gate's rising international market penetration and product enchantment.
In the course of the 12 months, the platform launched 873 new tokens, together with 437 unique first listings, which give customers with numerous funding choices. Gate additionally demonstrated robust efficiency in numerous regional markets, significantly in Asia and Europe, the place each enterprise volumes and consumer numbers grew considerably.
By its Gate Startup initiative, the platform continued to roll out modern options and distributed practically $30 million price of airdrops with a cumulative airdrop worth exceeding $120 million. As well as, Gate Token (GT) noticed a virtually 300% development in 2024, with its value reaching an all-time excessive of $18.667 on January 9, 2025. These metrics spotlight Gate's sturdy development momentum.
Modern merchandise main rising markets with over $1 billion in gross sales
Gate continued to guide in product innovation in 2024, particularly within the memecoin sector. With the launch of the devoted Pilot and MemeBox, the platform has attracted important consumer participation on this rising market. Since its launch, Pilot has reached over $1 billion in buying and selling quantity and launched over 500 Memecoin tasks. As well as, a $50 million fund was established to assist the booming memecoin market.
The platform has additionally centered extra on the TON ecosystem. By cooperation with Telegram, Gate Gate launched Pockets Mini App and Mini App, which attracted many customers of the TON ecosystem. The month-to-month energetic customers of those purposes exceeded 2.55 million and 1.4 million respectively, additional strengthening Gate's affect within the Web3 and blockchain ecosystem.
Sturdy dynamics of quantitative investments with glorious returns
Gate has made important progress in quantitative investing. Launched in April, the quantitative fund has turn into an business benchmark, attracting high-net-worth traders with its modern low-risk, high-return technique and versatile redemption mechanisms. In its first 12 months, the fund achieved an annualized return of over 20%, outperforming the common throughout the most important platforms.
Gate's USDT-based fund reported an annual return of over 40%, whereas the BTC-based fund achieved 25%. These spectacular outcomes considerably boosted institutional investor engagement, with spot buying and selling quantity up 4.4x year-on-year and contract buying and selling quantity up 1.63x. Brokerage additionally noticed a 17-fold enhance in buying and selling quantity, reflecting rising demand for Gate's institutional providers {and professional} buying and selling techniques.
Reserves totaling $9.566 billion: Constructing confidence by way of safety and compliance
In 2024, Gate excelled in reserve fund efficiency and supplied customers with a strong safety framework. The platform's whole reserves reached US$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 mainstream cryptocurrencies resembling Bitcoin and Ethereum have been 124.47% and 128.52%, beating the business common by 20 proportion factors.
On the identical time, Gate Entities continued to strengthen its compliance framework and actively strengthened regulatory efforts throughout a number of areas. With the acquisition of Coin Grasp, Gate Entities has expanded its compliance presence within the Asian market. By its Malta platform, it efficiently utilized for a MiCA license and additional strengthened its compliance presence in Europe with the acquisition of Sheer Markets, a licensed establishment in Cyprus. As well as, Gate Entities has accomplished its VASP registration in Argentina and is growing compliance initiatives in key international markets together with Gibraltar, the Bahamas, Hong Kong, Singapore and the Center East, setting the stage for future international growth.
Monetary Innovation to Meet Numerous Funding Wants: Gate Earn Surge 185%
Gate has achieved notable milestones in monetary innovation, significantly within the Gate Earn product line. Gate Earn every day funds elevated by 185% and reached nearly 2 billion USDT. The platform added over 500,000 new customers with 205% year-over-year development. With assist for 832 tokens, Gate presents reward swimming pools for USDT, BTC, ETH and different main cryptocurrencies with as much as 30% extra returns.
With 665 tasks protecting a complete fund vary of $18 billion, Gate continues to satisfy the varied wants of its customers. Modern merchandise resembling on-chain staking, dual-currency funding and GT mining additional enhance the flexibleness of asset administration and develop funding choices.
Working with business leaders to drive innovation and development
Gate has partnered with a number of business 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 launched with the Abu Dhabi Blockchain Middle. Different partnerships centered on accelerating improvement within the Transfer ecosystem and extra.
Gate has additionally strengthened cooperation with international cloud suppliers to extend the efficiency and safety of the platform. Gate is actively investing in Web3 and driving blockchain innovation and ecosystem growth, cementing its place as a frontrunner within the cryptocurrency business.
Notably, Gate.io has turn into an official sleeve sponsor of Inter, creating extra market alternatives for the crypto sector.
Wanting forward: Deepening international markets and supporting business innovation
In 2024, Gate has consolidated its management within the international digital asset buying and selling area by way of innovation-driven development and a diversified ecosystem. With robust enterprise quantity development and thriving modern companies, Gate has demonstrated robust market competitiveness and business affect.
Wanting forward, Gate will proceed to embrace innovation as a driving power, deepen its concentrate on core enterprise, develop into rising markets, and advance the event and software of blockchain expertise. The platform goals to supply customers with extra numerous and higher high quality services and products. On the identical time, Gate will actively fulfill its social tasks and use expertise to drive social progress.
Gate will work with its customers and international companions to repeatedly enhance merchandise, optimize providers and supply suggestions to the neighborhood, working collectively to construct a safe, clear and open Web3 world.
Media Contact: Elaine Wang at (e mail protected)
