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Gate Reports 46 Million Users and $163 Billion November Trading Volume

The crypto exchange saw a 39.1% monthly rise in trading and gained AUSTRAC (Australian anti-money laundering regulator) registration, alongside expanding Web3 initiatives.

GT

Summary

Gate's November transparency report reveals over 46 million global registered users and more than 4,100 listed assets. The exchange recorded $163 billion in spot trading volume, marking a 39.1% increase month-on-month and a market share of 6.04%. Gate also expanded its Web3 initiatives and obtained AUSTRAC (Australian anti-money laundering regulator) registration in Australia.

Terms & Concepts
  • Web3: A vision for a decentralized internet built on blockchain technology, emphasizing user ownership and control of data.
  • AUSTRAC: Australian Transaction Reports and Analysis Centre, the national regulator for anti-money laundering and counter-terrorism financing.
  • Spot Trading Volume: The total value of cryptocurrency trades settled immediately at current market prices.