Gate 2024 Annual Report: Trading Volume Surpasses $3.8 Trillion, Market Share Maintains Industry TOP 4

2025-01-14 17:09

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In 2024, Gate.io consolidated its industry-leading position through trading volume growth, product innovation, and global compliance layout, driving the development of a diversified ecosystem.

Source: Gate.io

In 2024, as one of the world's leading digital asset exchange platforms, Gate experienced a year of rapid growth and profound innovation. With keen industry insights, innovative product offerings, and a deep understanding of user needs, Gate not only achieved new highs in user count and trading volume, but also actively expanded into a diverse ecosystem, driving the platform's comprehensive development.

User Growth and Trading Volume Continuously Increase, Maintaining Fourth Place in Market Share

According to its public report, Gate.io's total user count has surpassed 20 million, growing by over 50%, with a trading volume of 3.8 trillion USD, a 120% increase from the previous year. Among them, spot trading volume exceeded 1.8 trillion USD, while contract trading volume reached as high as 2 trillion USD, showing significant growth. This growth reflects Gate's continuous penetration into the global market and the attractiveness of its products.

In terms of new coin listings, Gate launched 873 new coins throughout the year, with 437 being global premieres, providing users with a diverse range of investment choices. The platform performed strongly in trading markets across various regions globally, especially in Asia and Europe, where both trading volume and user count saw significant increases.

The platform also continued to introduce innovative features through Gate Startup, distributing a total of nearly 30 million USD in airdrops, with a cumulative airdrop amount exceeding 120 million USD. In addition, GT saw close to a 300% growth in 2024, reaching an all-time high price of 18.667 USD. (As of 2025/1/9) Multiple data points demonstrate Gate.io's strong growth momentum.

Innovative Products Lead the Emerging Market, Trading Volume Surpasses 1 Billion

In 2024, Gate continued to maintain its leadership in product innovation, especially in the Meme coin field. By launching a dedicated innovation area and MemeBox, Gate attracted a large number of users to participate in this emerging market. Since its launch, the innovation area's trading volume has surpassed 1 billion USD, with over 500 Meme coin projects launched, and a dedicated fund of 50 million USD established, driving the vigorous development of the Meme coin market.

Furthermore, Gate also increased its presence in the TON ecosystem. Through cooperation with Telegram, Gate introduced the Gate Wallet Mini App and Gate Mini App, attracting a significant number of TON ecosystem users. The monthly active user counts exceeded 2.55 million and 1.4 million, respectively, further enhancing Gate's influence in the Web3 and blockchain ecosystem.

Quantitative Investment Growth Momentum Strong, Returns Far Exceed Industry Average

Gate's progress in the field of quantitative investment is also noteworthy. In particular, the quantitative fund launched in April, with its innovative low-risk high-return strategy and flexible redemption mechanism, quickly became an industry benchmark, attracting a large number of high-net-worth investors. The fund achieved a return of over 20% in its first year, far surpassing the average level of other mainstream platforms.

Reportedly, the platform's USDT-denominated fund has an annualized return rate of over 40%, while the BTC-denominated fund has an annualized return rate of 25%. This has enabled Gate to achieve significant success in attracting institutional investors, with spot trading volume increasing by 4.4 times year-on-year, futures trading volume increasing by 1.63 times, and strong performance in institutional business. In addition, Gate's brokerage business has also shown strong growth momentum, with trading volume increasing by 17 times year-on-year. This indicates that the platform's institutional services and professional trading system are increasingly favored by more investors.

Reserve Total Value Reaches $9.566 Billion, Building User Trust on Security and Compliance

In 2024, Gate's outstanding performance in reserve ratio has built a strong security line for users. The platform's total reserve value has reached $9.566 billion, with a reserve ratio of 123.91%, a 47.20% increase from the last audit. At the same time, the excess reserve has hit a new historical high, significantly increasing to $1.846 billion, a growth rate of 68.89%, ranking second in total excess reserve among mainstream platforms, with reserve ratios for major cryptocurrencies such as Bitcoin and Ethereum reaching 124.47% and 128.52%, respectively, exceeding the industry average by 20 percentage points.

Meanwhile, Gate Entities continue to strengthen the compliance foundation and actively promote compliance layout in multiple regions. Gate Entities expanded its compliance layout in the Asian market through the acquisition of Coin Master, successfully submitted a MiCA license application through its Malta platform, and acquired licensed institution Sheer Markets in Cyprus, further enhancing its compliance layout in the European market. In addition, Gate Entities have smoothly completed VASP registration in Argentina and promoted compliance layout in several key global markets such as Gibraltar, the Bahamas, Hong Kong, Singapore, and the Middle East, paving the way for future global expansion.

Financial Innovation Meets Diverse Investment Needs, Yield Booster Fund Size Soars by 185%

Gate has also achieved remarkable feats in financial innovation, especially in the Gate Earn product line, where the Balance Booster's daily fund size has surged by 185% to nearly $2 billion USDT; with over 500,000 new users, a 205% year-on-year growth. The platform supports 832 currencies, offers USDT, BTC, ETH, and other mainstream currency reward pools, with up to 30% additional returns. The Wealth Management product is diverse, covering a fund size of $18 billion, with 665 projects launched to meet the diverse needs of users.

In addition, Gate provides users with more flexible investment and asset management solutions through on-chain staking, dual-currency investment, GT mining, and other innovative products, continuously enriching investment products to meet users' needs for diversified investments.

Joining Hands with Industry Leaders to Promote Industry Innovation and Development

In 2024, Gate partnered with multiple industry leaders to jointly promote the development of blockchain innovation and ecosystems. Strategic collaborations were formed with leading companies in the blockchain data analysis field, such as Elliptic and Chainalysis, to comprehensively enhance the platform's compliance and security. A $10 million investment was made in The Open Network (TON) blockchain to accelerate Telegram-based projects. A $100 million fund was launched in collaboration with the Abu Dhabi Blockchain Center to support Web3 innovation. Partnerships with Movement Labs and Boon Ventures were established to accelerate the development of the Move ecosystem, and more.

Furthermore, the company has strengthened its cooperation with global leading cloud providers to enhance platform performance and security. Gate has also actively ventured into the Web3.0 domain, driving blockchain technology innovation and ecosystem development through investments and partnerships. These initiatives not only solidify Gate's position in the cryptocurrency industry but also establish a solid foundation for its future development.

Additionally, Gate.io partnered with Inter Milan, becoming the official sleeve sponsor of the club's jersey, opening up more market and partnership opportunities for the cryptocurrency industry.

Future Outlook: Deepening Global Markets and Driving Industry Innovation

In 2024, leveraging innovation-driven growth and a diversified ecosystem layout, Gate further consolidated its leading position in the global digital asset trading platform. Whether through steady growth in trading volume or vigorous development of innovative businesses, Gate has demonstrated strong market competitiveness and industry influence.

Looking to the future, Gate will continue to uphold innovation, deepen its core business, expand into emerging markets, drive the development and application of blockchain technology, and provide users with more diverse and high-quality products and services. Meanwhile, Gate.io will actively take on social responsibility, driving social progress through technology empowerment. Gate will collaborate with platform users and global partners to continuously improve products, enhance services, actively give back to the community, and jointly build a secure, transparent, and open Web3 world.