Gate says July wealth products stayed active as crypto market cap rose 7.6%

Gate said its July wealth management business remained active as the crypto market continued a cautious recovery. In its July wealth management monthly report, the company said total crypto market capitalization rebounded to $2.26 trillion, up about 7.6% from a month earlier, with Bitcoin rising 7.3% and Ether climbing 18.5%. The report said that during the recovery, users showed stronger demand for stable-return products and diversified allocation strategies. In conservative wealth products, Gate said fixed-term holdings in its Yu Bi Bao product rose 7.3% month on month for BTC and 70.4% for USDT. It added that GUSD total minting increased from about 182 million tokens at the start of July to about 215 million by month-end, and briefly exceeded 230 million during the period. In higher-yield offerings, Gate said annualized returns for 0-day Bitcoin buy-low and sell-high dual currency investment products reached 95.5% and 113.5%, respectively, 34.4 and 32.6 percentage points above the market average. It also said the average monthly return for quantitative fund USDT strategies in July was 3.0%, led by Interstellar Pioneer at 4.2%, while Interstellar Hedge posted a cumulative return of 19.1% and maintained a 100% monthly win rate for 25 consecutive months. For stock assets, Gate said trading composition on its platform shifted with market conditions. South Korean stocks at one point accounted for about 90% of trading early in the month, before U.S. stocks recovered to about 70% of trading later on. In holdings, SK Hynix ranked first with a 59.3% share and SpaceX was second with 15.2%. Gate said the figures show users are allocating across crypto assets, stable-yield products, structured strategies and stocks.

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