Gate.io’s Q3 2024 Report: Steady Growth Amidst Market Downturn

Despite a challenging cryptocurrency market in Q3 2024, Gate.io demonstrated resilience and notable growth, according to the Panama-based exchange’s latest report. This success can be attributed to strategic community engagement, product enhancements, and service improvements.

Gate.io reports increased total assets.

Key performance indicators for the quarter include:

• Trading Volume: Total trading volume reached $720 billion, with spot trading accounting for $320 billion.
• User Growth: Over 1.28 million new users joined Gate.io, bringing the total user base to over 17 million.
• Ecosystem Expansion: The platform listed 156 new projects, with 44 featured in the “Pilot Trading Section.” Support for over 100 blockchains was also achieved, contributing to a total asset value of $560 million.

Gate.io Startup Fuels Growth with Airdrops and New Listings

Gate.io Startup, the platform’s launchpad for emerging projects, played a crucial role in Q3 growth. Of the 156 new project listings, 123 originated from Gate.io Startup.

Furthermore, The Startup Task program introduced 32 mining projects and hosted 35 airdrop events, distributing nearly $6 million to the community.

Pilot Trading Section and Enhanced Trading Products

Gate.io introduced several key product updates in Q3:

• Pilot Trading Section Launch: This new platform provides early trading access to trending projects based on on-chain data, even before listing on other centralized exchanges.
• Increased Trading Volume: Several key metrics saw significant growth compared to the previous quarter:
  • Futures trading volume increased by 6%.
  • Martingale strategy trading volume rose by 13.5%.

Additionally, total staked assets in Gate Earn surpassed $90 million, and quantitative trading strategies on the platform increased by over 200,000.

Expanding Reach Through Multi-Platform Content Strategy

Gate.io prioritized community education through its Gate Learn and Gate Research portals, publishing over 1,000 articles and reports. Gate Live, the platform’s streaming service, hosted 13,000 livestream sessions, attracting over 3.36 million views.

Strategic Partnerships and Global Outreach

Strengthening Infrastructure with Cloud Service Providers

Gate.io collaborated with leading cloud service providers, including AWS, Huawei Cloud, and Alibaba Cloud, to enhance platform stability and security. This resulted in increased reserve assets, particularly for Bitcoin and Ethereum.

Forging Cross-Industry Collaboration with Inter Milan

On August 25th, 2024, Gate.io announced a partnership with Inter Milan, bridging the gap between traditional sports and blockchain technology. This collaboration signifies new opportunities for blockchain adoption within the sports industry.

gate io hợp tác milan inter Gate.io partners with Inter Milan.

Gate Charity’s Humanitarian Efforts

Gate Charity, Gate.io’s philanthropic arm, organized 20 charitable events across 8 countries, assisting nearly 1,000 individuals in need. Notable initiatives included:

• Providing aid to Vietnamese communities affected by Typhoon Yagi.
  Gate Charity provides Typhoon Yagi relief.

• Launching the “Empowering Minds” book donation program for underprivileged children in Benin.

• Supporting elderly care at the Goztepe Semiha Şakir Nursing Home in Istanbul.

• Partnering with Animal Forum for animal rescue operations.

Continued Growth and Innovation

Gate.io’s Q3 2024 performance reflects a commitment to innovation and community engagement. The exchange is poised for continued growth in the coming months, driven by ongoing product development and a dedication to enhancing the user experience.