PANews reported on September 9th that according to a recent CoinDesk report, Gate achieved its strongest monthly performance ever in August, with its spot market share increasing by 1.22% month-over-month to 4.13%, the largest gain among major exchanges. In derivatives, Gate's trading volume surged 98.9% to $746 billion, a record high for the exchange. Its derivatives market share also increased by 4.64% to 10.1%, the highest increase in the industry, firmly establishing it as the fourth-largest derivatives exchange globally. DefiLlama data shows that Gate saw a net inflow of $66.29 million that week, ranking third globally. This data demonstrates Gate's growing influence in both the spot and derivatives markets, highlighting its growing prominence in the global cryptocurrency market.
Gate currently has over 37 million users worldwide. This rapid growth coincides with the launch of Gate US, its US-based compliance platform, highlighting its balanced expansion strategy and long-term vision, balancing regulatory frameworks with global market liquidity. Simultaneously, Gate launched Gemini Dollar (GUSD), a tokenized RWA investment certificate backed by US Treasury bonds. Launched on August 29th, the product supports spot trading, deposits, and withdrawals. The initial Launchpool GUSD staking pool offers an annualized return of up to 365%, providing users with an on-chain asset allocation option that combines low risk with predictable returns. Furthermore, Gate's August reserve certificate shows that the platform's total reserves reached $12.02 billion, including $2.32 billion in excess reserves, with a Bitcoin reserve ratio of 133.48%. Gate's growth is built on the core foundations of security and transparency, and it will continue to drive global ecosystem expansion on this foundation.
Overall, Gate not only achieved record-breaking transaction volume in August, but also demonstrated a strong balance between compliance, innovation, and user trust. With the continued improvement of its compliance framework and the continued strengthening of market liquidity, Gate is expected to further consolidate its leading position in the global crypto market, injecting new impetus into the long-term and healthy development of the entire crypto industry.
