In 2024, as one of the worlds leading digital asset trading platforms, Gate ushered in a year of rapid growth and deep innovation. With keen industry insight, innovative product layout and deep understanding of user needs, Gate not only set new records in user scale and transaction volume, but also actively laid out a diversified ecosystem to promote the comprehensive development of the platform.
The number of users and transaction volume continued to grow, and the market share remained the fourth in the industry
According to its public report, the total number of Gate.io users has exceeded 20 million, an increase of more than 50%, and the trading volume has reached 3.8 trillion US dollars, an increase of 120% over last year. Among them, the spot trading volume exceeded 1.8 trillion US dollars, and the contract trading volume reached 2 trillion US dollars, showing significant growth. This growth reflects Gates continuous penetration in the global market and the attractiveness of its products.
In terms of new coin launches, Gate launched 873 new coins throughout the year, of which 437 were first launched on the entire network, providing users with a variety of investment options. The platform performed strongly in trading markets in many regions around the world, especially in the Asian and European markets, where both trading volume and the number of users have seen significant growth.
The platform also continues to launch innovative features through Gate Startup, with a total airdrop value of nearly $30 million and a cumulative airdrop amount of over $120 million. In addition, GT has achieved a growth of nearly 300% in the past year in 2024, with the price climbing to a record high of $18.667. (As of 2025/1/9) Multiple data show the strong growth momentum of the Gate.io platform.
Innovative products lead emerging markets, with transaction volume exceeding 1 billion
In 2024, Gate continues to lead in product innovation, especially in the field of Meme Coin. By launching a dedicated Innovation Zone and MemeBox, it has attracted a large number of users to participate in this emerging market. Since its launch, the Innovation Zone has exceeded $1 billion in trading volume, launched more than 500 Meme Coin projects, and established a $50 million exclusive fund, which has promoted the booming development of the Meme Coin market.
In addition, Gate has also increased its layout in the TON ecosystem. Through cooperation with Telegram, Gate Wallet Mini App and Gate Mini App were launched, attracting a large number of TON ecosystem users. The number of monthly active users exceeded 2.55 million and 1.4 million respectively, further promoting Gates influence in Web3 and blockchain ecosystem.
Quantitative investment has a strong growth momentum, and its returns far exceed the industry average
Gates progress in the field of quantitative investment is also worth noting. Among them, the quantitative fund newly launched in April quickly became a benchmark in the industry with its innovative low-risk, high-return strategy and flexible redemption mechanism, attracting a large number of high-net-worth investors. The fund achieved an annualized return of more than 20% in the first year, far exceeding the average level of other mainstream platforms.
It is reported that the platforms USDT-based fund has an annualized return of more than 40%, while the BTC-based fund has an annualized return of 25%. This has enabled Gate to achieve significant results in attracting institutional investors, with spot trading volume increasing 4.4 times year-on-year, contract trading volume increasing 1.63 times, and institutional business performing strongly. In addition, Gates brokerage business has also shown strong growth momentum, with trading volume increasing 17 times year-on-year. This shows that the platforms institutional services and professional trading system have been favored by more and more investors.
The total reserve value reaches US$9.566 billion, building user trust with security and compliance
In 2024, Gates outstanding performance in reserve ratio has built a solid security line for users. The total value of its platform reserves reached 9.566 billion US dollars, and the reserve ratio was 123.91%, an increase of 47.20% from the last audit. At the same time, excess reserves continued to hit a record high, increasing sharply to 1.846 billion US dollars, an increase of 68.89%, ranking second in the total amount of excess reserves among mainstream platforms. Among them, the reserve ratios of mainstream cryptocurrencies such as Bitcoin and Ethereum were as high as 124.47% and 128.52%, both exceeding the industry average by 20 percentage points.
At the same time, Gate Entities continues to strengthen its compliance foundation and actively promotes compliance layout in multiple regions. Gate Entities further expanded its compliance layout in the Asian market by acquiring Coin Master. It has successfully submitted a MiCA license application through its Malta platform and acquired the licensed institution Sheer Markets in Cyprus, further strengthening its compliance layout in the European market. In addition, Gate Entities successfully completed the registration of Argentina VASP and promoted compliance layout in many important markets around the world, such as Gibraltar, Bahamas, Hong Kong, Singapore, and the Middle East, paving the way for future global expansion.
Financial innovation meets diversified investment needs, and Yubibao’s capital scale surges by 185%
Gate has also made remarkable achievements in financial innovation, especially in the Gate Earn product line. The daily fund size of Yubibao has soared by 185% to nearly 2 billion USDT; the number of new users has exceeded 500,000, a year-on-year increase of 205%. The platform supports 832 currencies and provides mainstream currency reward pools such as USDT, BTC, and ETH, with up to 30% additional income. Licaibao has rich and diverse products, covering a fund size of 18 billion, and has launched 665 projects to meet the diverse needs of users.
In addition, Gate provides users with more flexible investment and asset management solutions through innovative products such as on-chain coin earning, dual-currency investment, and GT mining, continuously enriching investment products to meet users needs for diversified investments.
Join hands with industry leaders to jointly promote industry innovation and development
In 2024, Gate will join hands with multiple industry leaders to jointly promote the development of blockchain innovation and ecology: reach a strategic cooperation with Elliptic and Chainalysis, leading companies in the field of blockchain data analysis, to comprehensively improve the compliance and security of the platform; invest US$10 million in The Open Network (TON) blockchain to accelerate the development of Telegram-based projects; join hands with Abu Dhabi Blockchain Center to jointly launch a US$100 million fund to support Web3 innovation; join hands with Movement Labs and Boon Ventures to accelerate the development of the Move ecosystem... and so on.
At the same time, the company continues to strengthen cooperation with leading global cloud vendors to improve platform performance and security. Gate is also actively deploying in the Web3.0 field, promoting blockchain technology innovation and ecological development through investment, cooperation and other means. These measures not only consolidate Gates position in the cryptocurrency industry, but also lay a solid foundation for its future development.
In addition, Gate.io has reached a cooperation with Inter Milan and become the clubs official jersey sleeve sponsor, opening up more markets and cooperation opportunities for the crypto industry.
Looking to the future: Deepen global market and promote industry innovation
In 2024, Gate further consolidated its leading position in the global digital asset trading platform with its innovation-driven growth and diversified ecological layout. Whether it is the steady growth of transaction scale or the booming innovative business, Gate has demonstrated strong market competitiveness and industry influence.
Looking ahead, Gate will continue to adhere to innovation-driven development, deepen core businesses, expand emerging markets, promote the development and application of blockchain technology, and provide users with more diverse and higher-quality products and services. At the same time, Gate.io will also actively assume social responsibility and promote social progress through technology empowerment. Gate will work with platform users and global partners to continuously improve products, optimize services, actively give back to the community, and jointly build a secure, transparent, and open Web3 world.
