Crypto exchange and digital asset trading platform Gate.io reported a total trading volume of $3.8 trillion in 2024, representing a 120% increase from the previous year, while its registered users exceeded 20 million.
Gate.io Reports Record $3.8 Trillion Volume in 2024, Claims Fourth Market Position
The platform's spot trading reached $1.8 trillion while contract trading hit $2 trillion, cementing its position as the fourth-largest cryptocurrency exchange globally.
The platform added over 873 new tokens in 2024, including 437 exclusive first listings. Gate's reserve funds reached $9.566 billion with a reserve ratio of 123.91%, while excess reserves grew 68.89% to $1.846 billion.
Moreover, Gate.io’s native token GT saw nearly 300% growth, reaching an all-time high of $18.667 on January 9th, 2025.
How did the other indicators perform over the past 12 months, during which Bitcoin reached a record valuation of $108,000?
Gate.io’s Key Performance Metrics in 2024
Institutional Trading
The platform's quantitative investment products delivered strong returns, with its USDT-based fund generating over 40% annualized returns. Institutional spot trading volume increased 4.4 times, while broker services saw a 17-fold jump in activity.
Regional Expansion
Gate also strengthened its regulatory compliance by acquiring Coin Master in Asia and Sheer Markets in Cyprus, while pursuing MiCA licensing in Malta.
The company completed VASP registration in Argentina and is advancing complianceinitiatives in Gibraltar, the Bahamas, Hong Kong, Singapore, and the Middle East.
Strategic Initiatives
The company launched Gate Startup, distributing nearly $30 million in airdrops. Its Memecoin-focused products, Pilot and MemeBox, generated over $1 billion in trading volume. Gate Earn's daily funds grew 185% to nearly $2 billion USDT, supporting 832 tokens.
However, these figures differ from those presented by CoinMarketCap. In the list of top cryptocurrency spot exchanges, Gate.io currently ranks 12th, while it also holds the 13th position among derivative exchanges.
The leaders in the market are Binance, with a daily trading volume of $25 billion, and Bybit, with just under $8 billion.
In the meantime, Gate.io has partnered with FC Internazionale Milano (Inter Milan), a leading Italian football club. While the financial terms of the deal have not been disclosed, the partnership includes branding placement on the sleeves of the men’s and women’s team jerseys. Additionally, the U20 team will also feature the Gate.io logo on the sleeves of their shirts.
This article was written by Damian Chmiel at www.financemagnates.com.
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