In 2024, gateOne of many world’s main digital asset buying and selling platforms, skilled a yr of speedy development and deep innovation. By way of sharp trade insights, progressive product methods and deep understanding of person wants, Gate achieved record-breaking person numbers and buying and selling volumes whereas actively increasing its various ecosystem to drive total platform development.
Continued development in customers and buying and selling quantity, achieved fourth place in market share
In response to its public report, gate.ioWith development of greater than 50%, its whole person base surpassed 20 million, whereas buying and selling quantity reached $3.8 trillion, a rise of 120% year-on-year. Spot buying and selling quantity exceeded $1.8 trillion, and contract buying and selling quantity reached $2 trillion, each of which noticed vital development. This displays Gate’s rising international market penetration and enchantment of its merchandise.
The platform launched 873 new tokens all year long, together with 437 unique first listings, offering customers with various funding choices. Gate additionally carried out strongly in numerous regional markets, significantly in Asia and Europe, the place each buying and selling volumes and person numbers grew considerably.
By way of its Get Startup initiative, the platform continued to introduce progressive options, delivering almost $30 million value of airdrops, with the cumulative airdrop worth exceeding $120 million. Moreover, Gate Token (GT) noticed a rise of virtually 300% in 2024, with the worth reaching an all-time excessive of $18.667 by January 9, 2025. These metrics spotlight Gate’s sturdy development momentum.
Modern merchandise main rising markets with buying and selling quantity over $1 billion
Gate continues to guide in product innovation in 2024, particularly within the memecoin space. By launching devoted pilots and Memebox, the platform attracted vital person participation on this rising market. Since its launch, the pilot has achieved over $1 billion of buying and selling quantity whereas itemizing over 500 memecoin tasks. Moreover, a devoted fund of $50 million was established to help the quickly rising Memecoin market.
The platform additionally elevated its deal with the TON ecosystem. In collaboration with Telegram, Gate launched the Gate Pockets Mini App and Mini App, which attracted many TON ecosystem customers. Month-to-month lively customers for these apps 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 higher returns
Gate made vital progress in quantitative investing. Launched in April, the quantitative fund grew to become an trade benchmark, attracting high-net-worth buyers with its progressive low-risk, high-return technique and versatile redemption mechanisms. In its first yr, the fund achieved annual returns of greater than 20%, which was a greater efficiency than the common of all main platforms.
Gate’s USDT-based fund recorded annualized returns of greater than 40%, whereas its BTC-based fund achieved 25%. These spectacular outcomes considerably boosted institutional investor engagement, with spot buying and selling volumes rising by 4.4x and contract buying and selling volumes rising by 1.63x 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 techniques.
Complete reserves of $9.566 billion: Constructing belief by means of safety and compliance
In 2024, Gate excelled in reserve efficiency, offering customers with a powerful safety framework. The platform’s whole reserves reached $9.566 billion with a reserve ratio of 123.91%, a rise of 47.2% from the earlier audit. Extra reserves reached a historic excessive of $1.846 billion, a rise of 68.89%, rating second amongst main platforms. The reserve ratio for mainstream cryptocurrencies like Bitcoin and Ethereum was 124.47% and 128.52%, which is 20 share factors larger than the trade common.
On the identical time, gate entities have continued to strengthen their compliance frameworks, actively pursuing regulatory efforts in various areas. By buying Coin Grasp, Gate Entities expands its compliance presence within the Asian market. By way of its Malta platform, it has efficiently submitted a MiCA license software and additional strengthened its compliance presence in Europe by buying Shear Markets, an entity licensed in Cyprus. Moreover, Gate Entities has accomplished VASP registration in Argentina and is advancing compliance initiatives in key international markets together with Gibraltar, Bahamas, Hong Kong, Singapore and the Center East, paving the best way for future international enlargement.
Monetary innovation to satisfy various funding wants: 185% enhance in earnings
Gate made notable achievements in monetary innovation, particularly within the Gate Earn product line. Get Earn’s every day funding elevated by 185%, reaching nearly $2 billion USDT. The platform added greater than 500,000 new customers, a 205% year-on-year enhance. Supporting 832 tokens, the gate provides prize swimming pools for USDT, BTC, ETH and different main cryptocurrencies with further returns as much as 30%.
With 665 tasks at a complete fund scale of $18 billion, Gate continues to satisfy the varied wants of its customers. Modern merchandise comparable to on-chain staking, dual-currency investing and GT mining enhance asset administration flexibility and increase funding choices.
Collaborating with trade leaders to drive innovation and development
Gate companions with a number of trade leaders to advance blockchain innovation and ecosystem growth. The collaboration consists of 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 Centre. Different partnerships are centered on accelerating development throughout the Transfer ecosystem and extra.
Gate additionally strengthened collaboration with international cloud suppliers to boost platform efficiency and safety. By actively investing in Web3, Gate is selling blockchain innovation and ecosystem enlargement, solidifying its place as a pacesetter within the cryptocurrency trade.
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 Business Innovation
In 2024, Gate solidifies its management within the international digital asset buying and selling sector by means of innovation-driven development and a various ecosystem. With sturdy development in buying and selling quantity and flourishing of progressive companies, Gate demonstrated sturdy market competitiveness and trade affect.
Trying forward, Gate will proceed to embrace innovation as a driving power, deal with core companies, increase into rising markets, and advance the event and software of blockchain expertise. The platform goals to offer customers with extra various and high-quality services. On the identical time, Gate will actively fulfill its social duties by leveraging expertise to advance social progress.
Gate will collaborate with its customers and international companions to repeatedly improve merchandise, optimize companies, and provides again to the group, working collectively to construct a safe, clear and open Web3 world.
