Gate Reports $163 Billion November Trading Volume Amid User Growth

The exchange recorded over 46 million registered users and expanded its Web3 offerings while obtaining AUSTRAC registration in Australia.

GT

Summary

Gate's November transparency report revealed a 39.1% month-on-month increase in spot trading volume to $163 billion, with registered users exceeding 46 million and a global market share of 6.04%. The exchange also advanced its Web3 initiatives and achieved registration with AUSTRAC (Australian financial intelligence agency) for its Australian entity.

Terms & Concepts
  • Web3: A decentralized internet ecosystem built on blockchain technology that enables peer-to-peer interactions without intermediaries.
  • AUSTRAC: Australia’s financial intelligence agency responsible for anti-money laundering and counter-terrorism financing regulation.
  • Spot Trading Volume: The total value of direct asset trades for immediate delivery, excluding derivatives.