Crypto Exchange Gate.io Posts 120% Volume Growth in 2024 to $3.8 Trillion

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 compliance
initiatives 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.