Gate Surpasses 37 Million Registered Users Globally

According to Gate’s official statement, the exchange recorded record derivatives volumes, strong inflows, and launched a U.S.-compliant platform alongside its new tokenized RWA product.

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Summary

Gate announced that its global registered users exceeded 37 million and highlighted record performance in August. The exchange reported spot market share growth to 4.13% and derivatives volume of $746 billion, up 98.9% month-over-month, with derivatives market share rising to 10.1%, ranking fourth globally. Net inflows reached $66.29 million, placing Gate third worldwide. The platform also launched Gate US, a U.S.-compliant exchange, and introduced GUSD, a tokenized RWA backed by U.S. Treasuries, offering up to 365% annualized yield through Launchpool. Gate’s reserves totaled $12.02 billion, including $2.32 billion in excess reserves, with a Bitcoin reserve ratio of 133.48%.

Terms & Concepts
  • Tokenized RWA: A real-world asset, such as U.S. Treasuries, represented digitally on the blockchain to provide liquidity and yield opportunities.
  • Derivatives Volume: The total value of trades conducted in derivative products, such as futures and options, within a specified period.
  • Bitcoin Reserve Ratio: The percentage of Bitcoin reserves held by an exchange compared to its user liabilities, indicating its solvency strength.