Gate.io Crypto Exchange Achieves 120% Surge in Trading Volume to $3.8 Trillion in 2024, Reports TradingView News

Cryptocurrency trading platform Gate.io achieved an immense transaction sum of $3.8 trillion in 2024, showcasing a substantial 120% surge from the year before. Its user base expanded beyond the milestone of 20 million registered users.

2024 Witnesses Gate.io Hitting a Record Trading Volume of $3.8 Trillion, Securing Fourth Rank in Crypto Markets

Gate.io’s spot trading volumes soared to $1.8 trillion, complemented by a robust $2 trillion in contract trading, affirming its status as the world’s fourth mega cryptocurrency exchange.

Throughout 2024, Gate.io bolstered its offerings with 873 new tokens, including 437 tokens making their debut on the platform. Gate’s safeguarded funds jumped to $9.566 billion, leading to a reserve ratio of 123.91%, while the excess reserves witnessed a 68.89% increase to touch $1.846 billion.

The exchange’s proprietary token GT experienced a notable near-triple increase in value, peaking at an all-time high of $18.667 on January 9th, 2025.

Source: Tradingview.com

Can we evaluate the performance of other metrics within the same 12-month timeframe that witnessed Bitcoin soaring to an unprecedented $108,000 peak?

Gate.io’s 2024 Key Performance Highlights

Institutional Trading Activities

The platform’s algorithmic investment solutions reaped impressive gains, with its USDT-centric investment fund achieving annualized returns in excess of 40%. Volume in institutional spot trading marked a significant 4.4-fold increase, while the broker services activity expanded by a factor of 17.

Global Market Expansion

Focusing on regulatory compliance, Gate obtained Coin Master in the Asian market and Sheer Markets in Cyprus, in addition to working on the MiCA license in Malta. The company also achieved VASP registration in Argentina and is pushing forward with compliance measures in jurisdictions such as Gibraltar, the Bahamas, Hong Kong, Singapore, and the Middle East.

Strategic Growth Initiatives

With the introduction of Gate Startup, the platform delivered nearly $30 million in airdrops. It’s specialized Memecoin offerings, such as Pilot and MemeBox, accounted for more than $1 billion in trades. Gate Earn’s daily assets swelled by 185%, reaching almost $2 billion USDT and catering to 832 different tokens.

Nevertheless, these reported achievements stand in contrast to the rankings by CoinMarketCap, which places Gate.io at 12th in top cryptocurrency spot exchanges and 13th among derivatives exchanges.

Source: CoinMarketCap.com

Meanwhile, Binance continues to dominate the market with a daily trading volume of $25 billion, followed by Bybit’s nearly $8 billion.

In a strategic marketing move, Gate.io has entered a partnership with the prestige Italian football club FC Internazionale Milano (Inter Milan), which includes branding rights on the team jerseys for the men’s, women’s, and U20 teams. While the financial details remain under wraps, the collaboration signifies Gate.io’s push into mainstream visibility.