in 2024 Gateone of many world's main digital asset buying and selling platforms, has skilled a yr of speedy progress and deep innovation. Via sharp trade insights, progressive product methods, and a deep understanding of person wants, Gate has achieved file person numbers and enterprise volumes, whereas actively increasing its diversified ecosystem to drive total platform improvement.
Everlasting progress within the variety of customers and the quantity of enterprise, guaranteeing the 4th place out there share
In accordance with its public report, Gate.ioThe full person base exceeded 20 million with greater than 50% progress, 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 vital progress. This displays Gate's rising international market penetration and product enchantment.
Throughout the yr, the platform launched 873 new tokens, together with 437 unique first listings, which give customers with varied funding choices. Gate additionally demonstrated robust efficiency in varied regional markets, significantly in Asia and Europe, the place each enterprise volumes and person numbers grew considerably.
Via its Gate Startup initiative, the platform continued to roll out progressive 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% progress in 2024, with its worth reaching an all-time excessive of $18.667 on January 9, 2025. These metrics spotlight Gate's strong progress momentum.
Progressive 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 vital person participation on this rising market. Since its launch, Pilot has reached over $1 billion in buying and selling quantity and launched over 500 Memecoin initiatives. As well as, a $50 million fund was established to help the booming memecoin market.
The platform has additionally targeted extra on the TON ecosystem. Via 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 wonderful returns
Gate has made vital progress in quantitative investing. Launched in April, the quantitative fund has turn into an trade benchmark, attracting high-net-worth traders with its progressive 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 the key 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 companies {and professional} buying and selling programs.
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 reminiscent of Bitcoin and Ethereum have been 124.47% and 128.52%, beating the trade common by 20 share 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. Via 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 creating compliance initiatives in key international markets together with Gibraltar, the Bahamas, Hong Kong, Singapore and the Center East, setting the stage for future international enlargement.
Monetary Innovation to Meet Various 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 virtually 2 billion USDT. The platform added over 500,000 new customers with 205% year-over-year progress. With help for 832 tokens, Gate affords reward swimming pools for USDT, BTC, ETH and different main cryptocurrencies with as much as 30% further returns.
With 665 initiatives overlaying a complete fund vary of $18 billion, Gate continues to satisfy the varied wants of its customers. Progressive merchandise reminiscent of on-chain staking, dual-currency funding and GT mining additional enhance the flexibleness of asset administration and develop funding choices.
Working 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 launched with the Abu Dhabi Blockchain Heart. Different partnerships targeted 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 enlargement, cementing its place as a frontrunner within the cryptocurrency trade.
Notably, Gate.io has turn into an official sleeve sponsor of Inter, creating further market alternatives for the crypto sector.
Trying forward: Deepening international markets and supporting trade innovation
In 2024, Gate has consolidated its management within the international digital asset buying and selling area by way of innovation-driven progress and a diversified ecosystem. With robust enterprise quantity progress and thriving progressive companies, Gate has demonstrated robust market competitiveness and trade affect.
Trying 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 utility of blockchain expertise. The platform goals to offer customers with extra various and higher high quality services and products. On the identical time, Gate will actively fulfill its social obligations and use expertise to drive social progress.
Gate will work with its customers and international companions to repeatedly enhance merchandise, optimize companies and supply suggestions to the group, working collectively to construct a safe, clear and open Web3 world.
