In 2024, Gate, one of the world’s leading digital asset trading platforms, experienced rapid growth and meaningful innovation. Leveraging sharp market insights, forward-looking product strategies, and a deep understanding of user needs, Gate attracted record numbers of users and trading volume while expanding a diversified ecosystem to support sustained platform development.
Sustained User and Trading Volume Growth — Securing 4th Place in Market Share
Gate’s public report shows total users surpassed 20 million, reflecting more than 50% year-over-year growth, while annual trading volume reached $3.8 trillion, up 120% compared with the previous year. Spot trading volume exceeded $1.8 trillion and contract trading reached $2 trillion, both registering substantial increases and signaling stronger global market penetration and product appeal.
Throughout the year, the platform listed 873 new tokens, including 437 exclusive first listings, broadening investment opportunities for users. Gate demonstrated solid performance across multiple regional markets, particularly in Asia and Europe, where both user numbers and trading volumes rose significantly.
Gate Startup continued to roll out innovative initiatives, distributing airdrops valued at nearly $30 million during the year and bringing cumulative airdrop value to over $120 million. Gate Token (GT) also delivered notable growth, rising nearly 300% in 2024 and reaching a historic price peak of $18.667 on January 9, 2025. These figures reflect Gate’s strong momentum and user engagement.
Product Innovation Leading Emerging Markets — Over $1 Billion in Memecoin Trading
Product innovation remained a priority, particularly in the Memecoin segment. Gate launched specialized offerings such as Pilot and MemeBox, which attracted broad user participation. Since their introduction, Pilot-related trading has surpassed $1 billion, and the platform has listed over 500 Memecoin projects. Gate also established a $50 million fund dedicated to supporting the growing Memecoin market.
Gate strengthened its focus on the TON ecosystem through collaboration with Telegram, introducing a Gate Wallet Mini App and additional Mini App features that drew significant attention from TON users. Monthly active users for these apps exceeded 2.55 million and 1.4 million, respectively, enhancing Gate’s presence in Web3 and the broader blockchain ecosystem.
Strong Performance in Quantitative Investment Delivering Superior Returns
Gate made significant strides in quantitative investment. The Quantitative Fund launched in April quickly became an industry benchmark, attracting high-net-worth clients with a strategy focused on low risk, attractive returns, and flexible redemption. In its first year, the fund delivered an annualized return exceeding 20%, outperforming many peers across major platforms.
Gate’s USDT-based fund reported annualized returns above 40%, while the BTC-based fund achieved about 25%, driving greater institutional interest. Spot trading volume from institutional investors grew 4.4 times year-on-year and contract trading volume increased 1.63 times. Broker services also saw a 17-fold rise in trading volume, highlighting strong demand for Gate’s institutional products and professional trading infrastructure.
Reserves of $9.566 Billion — Strengthening Trust Through Security and Compliance
Gate demonstrated robust reserve fund performance in 2024, offering users enhanced financial security. Total reserves reached $9.566 billion with a reserve ratio of 123.91%, an increase of 47.2% from the previous audit. Excess reserves hit a record $1.846 billion, up 68.89%, ranking Gate among the top platforms. Reserve ratios for major assets such as Bitcoin and Ethereum stood at 124.47% and 128.52%, respectively, outperforming industry averages by a wide margin.
Gate Entities continued to enhance its compliance framework, advancing regulatory efforts across multiple jurisdictions. Expansions included the acquisition of Coin Master to strengthen its presence in Asia, a MiCA license application submitted via its Malta platform, and the acquisition of licensed Sheer Markets in Cyprus to bolster European operations. Gate also completed VASP registration in Argentina and is actively pursuing compliance in Gibraltar, the Bahamas, Hong Kong, Singapore, and the Middle East, positioning the platform for future global growth.
Financial Innovation to Address Diverse Investment Needs — Gate Earn Up 185%
Gate made notable progress in financial product innovation, especially within Gate Earn. Daily assets under Gate Earn increased 185%, approaching $2 billion in USDT equivalent. The product line attracted more than 500,000 new users, a 205% year-over-year rise. Supporting 832 tokens, Gate Earn offers rewards pools for USDT, BTC, ETH and other major coins, with opportunities for additional returns of up to 30%.
Across 665 projects with a combined fund scale around $18 billion, Gate continues to meet diverse user needs. Innovations such as on-chain staking, dual-currency investments, and GT mining have expanded asset management flexibility and provided more tailored investment options.
Partnerships with Industry Leaders to Drive Innovation and Growth
Gate partnered with leading industry organizations to support blockchain innovation and ecosystem development. Strategic collaborations included work with compliance and security firms to strengthen controls, a $10 million investment in The Open Network (TON), and a $100 million Web3 innovation fund launched with the Abu Dhabi Blockchain Center. Additional partnerships targeted development in the Move ecosystem and other emerging areas.
Gate also deepened relationships with global cloud providers to enhance performance and security. By actively investing in Web3 initiatives, Gate is contributing to blockchain development and ecosystem expansion while reinforcing its leadership position within the cryptocurrency industry.
In another high-profile move, Gate.io became the official sleeve sponsor for Inter, creating new visibility and market opportunities for the crypto sector.
Looking Forward: Deepening Global Reach and Driving Industry Innovation
In 2024, Gate consolidated its leadership in global digital asset trading through innovation-driven growth and a diversified ecosystem. Robust increases in trading volume and thriving new business lines demonstrate the platform’s competitiveness and influence.
Looking ahead, Gate intends to continue prioritizing innovation, deepen focus on core businesses, expand into emerging markets, and promote the adoption and application of blockchain technologies. The platform aims to offer users a wider range of high-quality products and services while fulfilling social responsibilities and using technology to support positive societal progress.
Gate will collaborate with users and global partners to refine products, improve services, and give back to communities, working together to build a secure, transparent, and open Web3 environment.