Gate.io has released its report for the third quarter of 2024

Gate.io has released its report for the third quarter, highlighting its operational and other performance metrics.

The exchange noted an increase in trading volume, a significant influx of new users, and various educational and social initiatives.

In the third quarter of 2024, Gate.io maintained impressive growth rates despite the challenging market conditions, thanks to the introduction of innovative products, service improvements, and increased community engagement. This information was provided to Incrypted by the company.

According to the report, the total trading volume on Gate.io during this period reached $720 billion, with $320 billion attributed to spot trading transactions.

During this time, 1.28 million new users registered on the platform, bringing the total user base to over 17 million. The company noted that this was influenced by the listing of 156 new crypto assets and the addition of 44 promising projects to the pilot trading section.

The report also highlights the expansion of the Gate.io Web3 ecosystem, which now supports over 100 blockchains, with a total locked value (TVL) of $560 million.

Gate Startup: Airdrops Worth $6 Million

The report states that the Gate Startup product remains a cornerstone of the ecosystem. Through various early-stage projects, it has facilitated airdrop rewards totaling $6 million.

In the third quarter alone, the platform launched 32 new projects and conducted 35 distributions, as emphasized by the company. The introduction of the pilot trading section in September 2024 has expanded investment opportunities and enhanced user engagement by providing a new way to interact with emerging projects in the network.

Growth in Financial Products and Quantitative Trading

Gate Earn offered users new products through its staking program in the third quarter. The total locked assets in these products exceeded $90 million, with the number of trading strategies surpassing 200,000.

Trading volumes for futures and Martingale strategies increased by 6% and 13.15%, respectively. The team noted that these figures confirm the exchange's commitment to providing diversified and dynamic trading opportunities.

Security and Regulatory Compliance

The report indicates that Gate.io has enhanced its security and operational efficiency through strategic global partnerships and technological optimizations in the third quarter of 2024. Specifically, the reserve report showed an increase in collateral levels for major crypto assets like Bitcoin and Ethereum, the organization added.

A New Era of Cross-Industry Collaboration

At the end of August 2024, the exchange announced a partnership with FC Internazionale Milano. The company noted that this partnership marks the beginning of a revolutionary collaboration aimed at expanding influence across different sectors. It is anticipated that this partnership will encourage deeper integration of blockchain technology within the sports industry.

Engagement with Charitable Organizations

The report emphasizes that the exchange has been actively involved in significant industry events, while its unit, Gate Charity, conducted around 20 charitable initiatives across eight countries, assisting approximately 1,000 individuals.

Additionally, Gate Live hosted 13,000 live broadcasts, amassing over 3.6 million views, focusing on providing education and market analysis, as noted by the organization.

Achievements in Education and Research

The company’s other two branches, Gate Learn and Gate Research, have also been highly active, publishing over 1,000 articles, courses, and research reports. Gate.io stated that these resources aim to promote education in blockchain and provide in-depth industry insights while supporting the platform’s community-building efforts.

The company reaffirmed its commitment to innovative activities in the fourth quarter of 2024. With a relentless focus on user-centric innovations, strengthened security measures, and an expanding global community, Gate.io believes it is not only advancing blockchain technology but also actively shaping its future.

This momentum is reflected in Gate.io's comprehensive array of products and educational initiatives designed to democratize trading and investment. The vigorous growth of Gate.io, extensive charitable efforts, and dynamic community engagement are indicative of its forward-thinking approach.