Gate.io 2024 Annual Report: Trading Volume Exceeds $3.8 Trillion, Solidifying Top 4 Market Position

Through strategic partnerships and product innovations, Gate.io strengthens its market influence and compliance across global markets.

Gate.io, a digital asset trading platform, has released its 2024 annual report, highlighting key performance indicators such as user base, trading volume, and product innovations.

According to the report, Gate.io's user base surpassed 20 million, reflecting a growth of over 50%. The platform also achieved significant trading volumes, with a total of $3.8 trillion, marking an increase of 120% year-on-year. Notably, spot trading volume exceeded $1.8 trillion, while contract trading volume reached $2 trillion, both showing substantial growth.

In terms of new token launches, Gate.io introduced 873 new tokens throughout the year, including 437 first listings, providing users with a diverse range of investment options. The platform also demonstrated strong performance in regional markets, particularly in Asia and Europe, where trading volumes and user numbers also saw an increase.

Through its Gate Startup initiative, the platform continued to introduce innovative features, distributing airdrops worth nearly $30 million, with the total airdrop value exceeding $120 million. Gate Token (GT) also saw a 300% growth in 2024, with its price reaching a high of $18.667 as of Jan. 9, 2025.

Moreover, Gate.io's pilot, which focused on the Memecoin sector, continued to lead in product innovation. Since its launch, Pilot has achieved over $1 billion in trading volume, listing more than 500 Memecoin projects. A $50 million dedicated fund was also established to support the Memecoin market.

The platform also increased its focus on the TON ecosystem. Through collaboration with Telegram, Gate introduced the Gate Wallet Mini App and Mini App, which garnered over 2.55 million and 1.4 million monthly active users, respectively, further strengthening Gate’s influence in the Web3 and blockchain ecosystem.

In the realm of quantitative investment, Gate also made notable progress. The Quantitative Fund, which was launched in April, became an industry benchmark, attracting high-net-worth investors with its innovative low-risk strategy and flexible redemption mechanisms. In its first year of operation, the fund achieved an annualized return of over 20%, outperforming the average across major platforms.

Gate’s USDT-based fund reported an annualized return of over 40%, while the BTC-based fund achieved 25%. These results bolstered institutional investor engagement, with spot trading volume increasing 4.4 times and contract trading volume growing 1.63 times year-on-year. Broker services also saw a 17-fold increase in trading volume.

With a focus on safety and user protection, Gate excelled in reserve fund performance in 2024. The platform's total reserves reached $9.566 billion, with a reserve ratio of 123.91%, up 47.2% from the previous audit. Excess reserves also amounted to $1.846 billion, reflecting an increase of 68.89%, ranking second among major platforms. Reserve ratios for mainstream cryptocurrencies such as Bitcoin and Ethereum stood at 124.47% and 128.52%, respectively, exceeding the industry average by 20 percentage points.

On the regulatory front, Gate Entities continued to work on its compliance framework, advancing efforts across multiple regions. By acquiring Coin Master, Gate Entities expanded its compliance presence in the Asian market. Through its Malta platform, it submitted a MiCA license application and further bolstered its compliance presence in Europe by acquiring the licensed institution Sheer Markets in Cyprus. Gate Entities also completed VASP registration in Argentina and is advancing compliance initiatives in key global markets, including Gibraltar, the Bahamas, Hong Kong, Singapore, and the Middle East.

Finally, Gate achieved the next milestones in financial innovation, particularly in the Gate Earn product line. Gate Earn’s daily funds surged by 185%, reaching nearly $2 billion USDT. The platform added over 500,000 new users, reflecting a 205% growth year-on-year. Supporting 832 tokens, Gate offers rewards pools for USDT, BTC, ETH, and other major cryptocurrencies.

To cater to the diverse needs of its users, Gate also supported 665 projects covering a total fund scale of $18 billion. Innovative products like on-chain staking, dual-currency investment, and GT mining further enhanced asset management flexibility and expanded investment options.

Throughout the year, Gate also forged partnerships with several industry leaders to advance blockchain innovation and ecosystem development. These collaborations included strategic partnerships with Elliptic and Chainalysis to enhance compliance and security, a $10 million investment in The Open Network (TON), and a $100 million Web3 innovation fund co-launched with the