Gate.io Q3 Quarterly Report: Sustained Growth Driven by Innovation

Overview

Despite a relatively sluggish market in Q3 2024, Gate.io has maintained strong growth momentum through product innovation and service upgrades, expanding in user base and trading volume. The platform has consistently increased the variety of assets, futures, and financial products, providing users with a broader and more diversified range of options. Launching the "Pilot Trading Section" lets users quickly capture on-chain opportunities. During this period, Gate.io has made notable advancements and upgrades across various areas, including security compliance, product innovation, community building, futures trading, quantitative trading bots, and other financial tools. Additionally, Gate.io has furthered its social impact by promoting global partnerships and charitable initiatives.

This Gate.io Q3 2024 report will review Gate.io's business development data, product updates, and significant industry initiatives for the quarter.

Report Summary

1. Gate.io's Q3 2024 total trading volume exceeded $715.6 billion, with spot trading volume surpassing $315.3 billion, and total registered users reaching over 17 million.
2. This quarter saw 156 new listings, 44 popular on-chain projects featured in the Pilot Trading Section, and new staking events launched.
3. Gate.io's Web3 ecosystem added 320,000 new users, and its Web3 wallet now supports over 100 major blockchains and holds assets valued at $560 million.
4. Gate Earn introduced staking products, with staked assets valued at $90.937 million, while Simple Earn achieved an average daily fund volume of $1.073 billion.
5. The number of active quantitative and intelligent trading strategies reached 200,000; futures grid trading volume increased by 6%, while Martingale strategy trading volume rose by 13.15%.
6. Gate.io's reserve report disclosed support for 209 cryptocurrencies, with BTC and ETH reserves increasing by 9% and 16.7%, respectively, compared to the previous report.
7. Gate.io enhanced platform stability and operational efficiency through global partnerships and cloud service technology optimizations.
8. Gate.io announced its partnership as Inter Milan's official sleeve sponsor, marking a new chapter in cross-industry collaboration.
9. Gate.io actively participated in and hosted 12 major events, including ABS 2024, Coinfest Asia, and 2024 Lead Asia.
10. Gate Live hosted a total of 13,000 live sessions with over 3.36 million views, covering topics such as market trends, project analysis, and blockchain education.
11. Gate Charity conducted 18 charity events across 8 countries, assisting 900 beneficiaries.
12. Gate Learn and Gate Research published approximately 1,000 articles, numerous courses, and research reports to promote blockchain education and in-depth research.

Gate's Main Business Segments

Core business growth remains robust, with steady increases in user base and asset reserves**

In the third quarter, despite significant market volatility and considerable uncertainty, Gate.io demonstrated strong performance, achieving over $315.3 billion in spot trading volume and $378.9 billion in futures trading volume.

The platform saw significant user growth, with 1.28 million new registered users, bringing the total registered users to over 17 million. Website traffic continued to rise, with monthly page views reaching 4.355 billion and an average of over 2.23 million monthly user visits.

Gate Startup: Airdrop Value Exceeds $5.62 Million, Pilot Trading Product Launches

Gate.io Startup allows users to dive deep and participate in various early-stage project airdrops for free. In the third quarter, Gate.io welcomed 156 new projects, with 123 launching through the Gate.io Startup platform, collectively distributing airdrops valued at over $5.62 million. This quarter, Gate.io Startup also introduced 32 new coin mining projects, providing substantial staking rewards in new tokens to 140,000 users.

The Startup Task was officially launched on July 30 and has successfully held 35 airdrop events since then, distributing a total of $97,800 in airdrop rewards. Additionally, the new section, Pilot Trading, launched on September 11, provides users with a new approach to engaging with trending on-chain projects. In the third quarter, 44 popular blockchain projects, such as Solana, Ethereum, and Tron, were introduced, and 9 of these projects were successfully incubated and launched in the spot trading zone.

Gate Futures: Trading Volume Surpasses $378.9 Billion

In the third quarter, Gate.io's futures division optimized 124 contract product features and interface updates, introduced 19 new trading pairs, and exceeded 1.5 million cumulative participants, with a total trading volume of $378.938 billion. In Q3 2024, Gate.io organized and executed 25 regular futures events, with 230,333 total participants. Among these, the platform-level event WCTC S6 attracted 90,690 participants and generated a trading volume of $16.8 billion.

The Gate.io futures team also held over 120 community events, engaging 26,798 users and handling 9,003 user inquiries. Additionally, they released resources such as Contracts Trading Guide: A Must-Read for Newbies and *40 Essential Lessons for Advanced Futures Traders *to help users quickly get started and enhance their trading skills.

Institutional Services: Liquidity and Product Innovation Drive Multi-Sector Growth

Institutional services products have continued to evolve, with 104 feature enhancements completed. In Q3, the Quantitative Fund page was launched for the first time, offering quantitative products with annualized returns up to 11.77%. Additionally, a new lending product, OI Loan, was introduced, significantly boosting capital efficiency for unified account users.

Various areas of institutional services saw further growth in Q3. Spot trading volume on Gate.io increased approximately 16.5% quarter-over-quarter among major exchanges. The number of broker-linked platforms rose by 30%, reaching a record high. Structured Products introduced a reinvestment feature for the Shark Fin product, with new user numbers and subscriptions up 11.7% and 17.2% quarter-over-quarter, respectively. New features such as multi-currency collateral, collateralization of Simple Earn assets, and automatic margin top-up were also launched to enhance capital efficiency and user experience. Overall, Q3 lending volume increased by 46% compared to Q2.

Quantitative Trading Bots: Boosting User Profitability

This quarter, the quantitative trading team has made significant strides in developing and optimizing trading bot products. By the end of the quarter, Gate trading bots have been equipped to meet the vast majority of market trading needs, with further innovations in spot grid and contract grid functionalities, making them some of the most comprehensive products in the industry.

In Q3 2024, Gate.io recorded approximately 200,000 active strategies on its platform. The contract grid and contract Martingale strategies have proven particularly popular among users, with trading volumes increasing by 6% and 13.15%, respectively, over the previous quarter. Contract-based trading bots have become even more active, with the share of strategies in this category rising by 33%.

Gate Earn: Launch of Staking and Diversified Financial Products

Gate Earn is dedicated to providing users with a wide range of high-quality financial products and yield strategies. This quarter, Gate Earn officially launched its staking products, supporting assets like GT, SOL, and TRX, with ongoing expansion to include more tokens. Currently, the staked asset value has reached an impressive $90.937 million.

In addition, other Earn products have seen significant updates. Simple Earn introduced additional reward pools for BTC and ETH, with an average daily fund volume reaching $1.073 billion and a total user base surpassing 600,000. The Dual Investment product added new "Sell High" and "Buy Low" features, achieving a cumulative subscription value of $162 million. HODL & Earn offers over 180 financial products, with $118 million in mainstream token lock-in investments.

Crypto Loan: Diverse Options to Enhance Capital Utilization and Lending Flexibility

This quarter, Gate Crypto Loan has expanded its range of supported assets and introduced various flexible lending options, providing users with a versatile and convenient borrowing experience. Crypto Loan now offers flexible and fixed-term products with 7-day and 30-day options, featuring annualized lending rates as low as 0.88%. With over 600 borrowable assets and support for over 80 collateral types, users have various flexible borrowing choices.

Gate Crypto Loan also integrates with ETH 2.0 staking, allowing users to earn up to 13% returns through the Revolving Stake feature. Additionally, it offers Simple Earn Staked Assets for "0 Interest Loans," enabling users to earn extra yields. New features such as multi-currency staking, automatic margin top-up, and staking of Simple Earn assets further enhance capital efficiency, optimizing user borrowing experience.

Gate Security

Gate.io ensures the safety of users' assets by regularly disclosing its reserve reports, confirming an over-collateralized reserve to protect funds, and continuously enhancing financial transparency. The platform has also strengthened its risk control and compliance systems, leveraging advanced technology to enhance risk management and anti-money laundering (AML) capabilities, providing comprehensive protection for users' funds.

Reserves: Disclosure of Up to 209 Tokens, Significant Increase in Mainstream Cryptocurrency Reserves

Since implementing the Proof of Reserves program in 2020, Gate.io has continually refined its asset security mechanisms. Gate.io has continued its routine disclosure of reserve data this quarter and published the relevant reports. The latest reserve report covers up to 209 types of tokens, with significant increases in the reserve amounts and ratios for major cryptocurrencies like BTC and ETH. Compared to the previous report, BTC reserves grew by 9%, with a reserve ratio of 119.54%, while ETH reserves increased by 16.7%, reaching a reserve ratio of 125.84%. These figures further demonstrate the platform's strength in asset security and transparency.

Users can also visit the 100% Proof of Reserves page to independently verify the reserve status of their accounts and deposits, and access additional data and information.

Compliance and Security: Strengthening Risk Control and Compliance Systems to Enhance Anti-Money Laundering (AML) Management

Gate.io prioritizes risk control and compliance, having built an advanced monitoring system to oversee trading activities around the clock. By leveraging big data and intelligent analytics, the platform can swiftly identify and address potential risks, ensuring the safety of users' assets. The risk control team is equipped with rapid response capabilities, enabling timely handling of abnormal transactions to protect both the platform's and users' interests. Additionally, Gate.io continuously enhances its risk detection and response capabilities through ongoing system optimization.

In the field of anti-money laundering (AML) and compliance, Gate.io is expanding its partnerships with service providers and implementing internationally recognized tools to improve AML and compliance management. These initiatives strengthen user identity verification and on-chain analysis capabilities, bolstering compliance processes.

At the same time, the risk control and compliance team is continuously growing, forming a highly skilled and experienced professional workforce. Regular compliance and risk control training sessions are conducted to raise employees' awareness of compliance standards, reinforce a corporate compliance culture, and ensure stable operations for the platform.

Gate Ecosystem Products

This quarter, Gate.io has continued to enhance and upgrade across multiple areas, including Web3 products, fiat deposit and withdrawal services, and Gate Card, striving to build a comprehensive, one-stop Web3 crypto ecosystem for users. The platform has created a seamless financial bridge into the Web3 world by refining funding channels and payment services. Gate.io's Web3 products offer a variety of on-chain exploration tools, helping users engage in diverse on-chain experiences.

Gate Web3: Optimizing Core Products for a Seamless On-Chain Experience

This quarter, Gate Web3 has further expanded its ecosystem by optimizing core products such as the Web3 Wallet, Web3 Startup, and Web3 Tasks and introducing new features like Testnet Faucets and Web3 Earn.

The Gate Web3 Wallet now supports over 100 major blockchains, adding 320,000 new users in Q3 and reaching a monthly active user base of 150,000. Approximately $560 million in user assets are managed within Gate Web3, benefiting from services like quick swaps, inscription minting/trading, Startup airdrops, Tasks, and asset management.

Web3 Startup launched 101 high-quality projects this quarter, covering popular sectors such as ERC20, NFTs, DeFi, AI, and meme tokens. The total participation exceeded 2 million entries, and users meeting the airdrop criteria received over $465,000 in airdropped crypto assets.

Web3 Tasks is a one-stop interactive platform specifically designed for airdrops. In Q3, 79 collaborative projects went live on this platform, attracting 37,476 participants. Approximately 100 million reward points were distributed, along with project tokens valued at over $1.6 million, hundreds of NFTs, whitelist spots, and game packages. The rewards spanned a wide range of popular projects, including KiloEx, Over Protocol, Catton, Pika Protocol, and Four.Meme, LayerNet, ChainGPT, and more.

Gate Fiat: Enhanced P2P Seller and Expanded Gate Connect Fiat Support

This quarter, Gate.io expanded its support for fiat deposit and withdrawal channels, including P2P/C2C, OTC, and Gate Connect, now offering 69 fiat currencies across all platforms. Gate Connect, Gate.io's proprietary fiat gateway, enhanced bank transfer and credit/debit card services and now supports 32 fiat currencies.

The Gate P2P Seller system also received a significant update, introducing a Seller deposit requirement to safeguard Seller rights, improve Seller quality, and enhance transaction security. The order dispute resolution process was refined with timely appeal notifications, an improved user interface, and additional support documents for appeals.

During this period, Gate P2P supported 47 fiat currencies across 75 countries, offered more than 350 payment methods, and served over 180,000 users, with 9,000 active Seller listings and a cumulative trading volume exceeding $500 million.

Gate Card: Coverage in 29 Countries, Offering Double Cashback and Referral Rewards

Gate Card is Gate.io's innovative Visa debit card. It allows users to top up with over 2,000 types of cryptocurrencies through the platform and make purchases anywhere Visa is accepted. The card is available in both virtual and physical formats, with the virtual card accessible immediately after approval.

Currently, Gate Card is available in 29 EEA countries, with plans to expand to additional regions by the end of this year or early next year. Gate Card offers several user benefits, including a referral program launched from May to September, allowing Gate users to earn rewards for referring friends. Starting in September, new users enjoy a double cashback benefit for the first 90 days after card activation.

Gate Community

Gate.io connects with community members and fosters engagement through global offline events and the GateLive platform. Offline events span multiple regions, enhancing user involvement, while GateLive offers content such as project Q&A and market insights, providing an interactive learning platform for the global community.

Connecting the Global Community and Advancing Community Building and Technology

In Q3, Gate.io actively participated in or hosted 12 industry summits, seminars, and Web3 events across six countries and regions, including Asia and Europe, strengthening ties with the global Web3 community and crypto users. These events spanned various regions, promoting community building and enhancing user engagement.

Gate Web3 Leads ABS 2024: Pioneering New Frontiers in BlockchainAt the ABS 2024 Summit, Gate Web3 showcased its strong leadership in the blockchain community. The event offered attendees opportunities for in-depth learning and exchanges, presenting the vast potential of blockchain technology from multiple perspectives. In his keynote speech, Dr. Han Lin called on global blockchain participants to collaborate to drive technological development, underscoring the critical roles of collaboration and innovation. The summit highlighted Gate.io's future direction, focusing on innovation, cooperation, and the limitless opportunities that blockchain and Web3 technologies bring. This major event brought together key players in the industry, fostering technological progress and real-world application.

Gate.io at Coinfest Asia: Empowering APAC Web3 Growth, 2,000 Attendees Ignite the SceneAs an official sponsor of Coinfest Asia, Gate.io actively promoted the development of the Web3 ecosystem in the Asia-Pacific region. Co-hosted with Alibaba Cloud, the official party drew in 2,000 attendees, marking a high point of the event. Through this gathering, Gate.io reinforced its influence on the blockchain ecosystem, driving regional innovation and collaboration while highlighting the immense potential and importance of the Web3 space to a broad audience.

Gate Group Brand Colors Illuminate Tokyo Tower: Web3 Vision VCxIP Summit Ushers in a New Era for the IndustryIn a spectacular light show, Gate Group's signature teal and green colors lit up Tokyo Tower for the first time, symbolizing the dawn of a new era in Web3. This moment showcased Gate Group's commitment to driving digital economy growth and technological innovation. The Web3 Vision VCxIP Summit brought together top industry experts and investors to explore cutting-edge Web3 technology and investment opportunities. Through executive discussions and specialized panels, attendees shared insights on the future of Web3, discussing the latest trends and challenges in the field. This event fostered knowledge exchange and promoted cross-sector collaboration, injecting new momentum into the industry's continuous development.

Gate.io Hosts 2024 Lead Asia Charity Party to Support Philanthropic CausesThe 2024 Lead Asia Charity Party concluded successfully on September 5. With the co-founder of SHIB making a debut appearance, the event drew leaders and enthusiasts from the global blockchain community, all united in advancing philanthropic efforts. The gathering strengthened cohesion within the blockchain community and provided essential funding for the SEUNGIL HOPE Foundation, underscoring Gate.io's commitment to social responsibility.

Gate Live: The Hub for Community Engagement and Real-Time Crypto Insights

GateLive, Gate.io's official community live-streaming platform, is not only a hub for sharing crypto market updates but also an open space built for community interaction. From project teams engaging directly with users to expert analysts offering insights into market trends, GateLive brings together rich discussions and in-depth analysis. Users can participate in AMA sessions for popular projects, join experts in interpreting macroeconomic policies and industry trends, or interact directly with content through features like liking and copy trading.

As of Q3 2024, GateLive has attracted over 3.36 million views and successfully hosted nearly 13,000 live sessions, with approximately 4,700 cryptocurrency analysts contributing their knowledge and perspectives to support the community. GateLive has become more than just a content platform; it is now a central space for global crypto community members to connect, learn, and share. Looking forward, GateLive will continue to roll out more community-oriented interactive programs, including live copy trading, mining sessions, market trend analysis, and roundtable discussions, to provide community members an even more engaging experience.

Gate Strategic Partnerships

Gate.io drives technological innovation and efficient operations by deepening strategic partnerships with global cloud providers and top international brands. Collaborations with cloud providers like AWS have strengthened platform stability and security. At the same time, the partnership with Inter Milan has expanded global community engagement, combining innovative technology with brand influence to enhance user interaction and market reach.

Strengthening Collaboration with Global Cloud Leaders

In infrastructure development, Gate leverages cloud providers' robust server and storage capabilities to ensure platform stability and data security. This quarter, Gate.io further solidified partnerships with leading global cloud providers, including AWS, Huawei Cloud, Alibaba Cloud, and Tencent Cloud. These collaborations also support Gate.io's capabilities in data analytics, risk management, and user experience optimization, enhancing the platform's competitiveness and operational efficiency.

In September 2024, Gate.io and AWS co-hosted the "Gateway to Championships" event in Singapore, where the team shared with attendees how AWS's AI technology is supporting Gate.io's platform development.

Gate.io and Inter Milan Forge a New Frontier in Blockchain and Sports Collaboration

On August 25, Gate.io announced its partnership with FC Internazionale Milano (Inter Milan), becoming its official sleeve sponsor. Driven by shared values of innovation and community engagement, the partnership aims to elevate fan experiences through exclusive content, co-branded merchandise, and diverse fan engagement activities. The Gate.io logo will appear on the sleeves of Inter Milan's men's, women's, and U20 youth team jerseys.

This exciting collaboration focuses on enhancing the fan experience, offering innovative services and interactive engagement opportunities for Inter Milan's global fanbase. It represents a seamless blend of traditional sports excellence with cutting-edge digital technology.

Gate Charity

Gate Charity: Global Philanthropy, Embracing Responsibility and Compassion

In Q3 2024, Gate Charity achieved remarkable milestones. The team operated across eight countries and regions, successfully organizing 18 charitable events. Their compassionate efforts reached remote villages in Africa, lakeside towns in North America, vast areas in Eastern Europe, and cities and tribal communities in Asia. These initiatives demonstrated Gate Charity's broad vision and inclusive spirit and provided meaningful support to nearly 900 beneficiaries. The assistance covered various fields, including disaster relief supplies, educational empowerment, environmental conservation, animal rescue, and medical support, leaving a profound social impact. Looking forward, Gate Charity is committed to expanding its influence and supporting even more people in need, underscoring its leadership and sense of responsibility in global philanthropy.

Vietnam Typhoon Relief: Rapid Emergency Response and Commitment to RecoveryGate Charity provided emergency assistance to Vietnamese communities affected by Typhoon Yagi, demonstrating its quick response capabilities and sense of social responsibility in disaster relief. This aid helped alleviate immediate food shortages and offered essential support to families during the challenging post-disaster period. Although the impact of Typhoon Yagi continues to affect the region, the combined efforts of Gate Charity and other organizations are helping affected communities in Yen Bai Province gradually return to normal life.

Benin, Africa: "Empowering Minds" Book Donation Project Supports Children's Education and GrowthOn August 24, 2024, global charity organization Gate Charity officially launched the "Empowering Minds" book donation project in collaboration with the FENOU ILE orphanage in Abomey-Calavi, Benin. This initiative aims to provide a wealth of literary resources for the children at the orphanage. By donating books, the project seeks to help disadvantaged youth cultivate a love for learning, enhance their self-development skills, and support their education and growth.

Istanbul, Turkey: Caring for the Elderly, Spreading Warmth and LoveOn August 31, 2024, the Gate Charity team visited the Goztepe Semiha Şakir Nursing Home in Istanbul, bringing warmth and companionship to the elderly residents. This event aimed to convey warmth and reduce feelings of loneliness among seniors while strengthening the connection between Gate Charity and the community, fulfilling its commitment to social responsibility.

São Roque, São Paulo, Brazil: Gate Charity Partners with Animal Forum to Protect "Animal Land" ShelterGate Charity has partnered with Animal Forum (Fórum Animal) to support the "Animal Land" shelter in São Roque, São Paulo. This shelter houses over 500 animals, including dogs, cats, and various farm animals, and is dedicated to rescuing and caring for animals saved from cruel conditions. This collaboration aims to help the shelter address ongoing needs related to cleaning, animal care, and maintenance of living environments.

Gate Education

In the third quarter of 2024, Gate.io promoted the dissemination of blockchain knowledge and in-depth research through Gate Learn and Gate Research. Gate Learn expanded its courses and learning activities, covering multiple trending areas, and incentivized user participation through rewards. Meanwhile, Gate Research focused on industry technology and policy, releasing regular reports and thematic studies to provide users with deep insights into emerging trends.

Gate Learn Advances Blockchain Education

During the third quarter of 2024, Gate Learn continued to monitor industry developments, achieving significant progress in content innovation and resource availability. The platform launched a total of 938 high-quality articles, 26 courses, and 1 learning video, covering over 10 popular topics, including Ton applications, meme launch platforms, Web3 hardware, ETF developments and impacts, Solana ecosystem applications, Bitcoin Layer 2 solutions, and AI Web3 projects. As of October, Gate Learn's content library has expanded to 4,215 articles, 175 courses, and 10 learning videos, encompassing most industry knowledge.

To further enhance the user learning experience, Gate Learn introduced master classes and daily learning sessions that allow users to earn rewards while learning. Gate Learn also collaborates with experienced mentors to host live classes regularly, discussing cutting-edge technologies and project developments. Additionally, through partnerships with global campus ambassadors, they aim to bring blockchain technology and Web3 culture into schools, promoting knowledge dissemination in various regions. Looking ahead, Gate Learn will continue to optimize its content strategy, improve content quality, expand the scope of courses and videos, quickly interpret industry hotspots, and support users in mastering the latest developments as they navigate their journey through the crypto world.

Gate Research Expands New Horizons in Blockchain Research

As a blockchain and cryptocurrency research platform, Gate Research delivered in-depth insights and analyses throughout the third quarter of 2024. During this period, the research institute published 47 regular reports (including daily, weekly, and monthly industry reports), analyzing over 100 cutting-edge technologies and significant policy events for readers. Gate Research also established an industry data monitoring system, regularly tracking and disclosing data on public blockchain development, trading volumes, financing events, and key project metrics. In total, over 50 industry highlight data points were disclosed, helping readers stay ahead of trends and identify potential opportunities. Key industry events, such as the Mt.Gox case and ETH ETFs, were closely monitored with timely updates.

Beyond standard industry reports, Gate Research conducted special studies on major market technologies, trending ecosystems, and market trends, publishing three in-depth reports in Q3. These covered the development trends of AVS technology, an analysis of Based Rollup technology, and a retrospective series on ten years of the cryptocurrency market. Additionally, research topics are being developed in over 20 emerging fields and sectors, including the Move language ecosystem, TON ecosystem, meme sector, crypto regulatory policies, and PointFi. Looking forward, Gate Research plans to increase the frequency of its special reports, broadening coverage to include more frontier technologies, emerging sectors, and regulatory developments. This will support readers in keeping a pulse on the industry, understanding future trends, and gaining a wider perspective on the blockchain landscape.

Conclusion

As the third quarter of 2024 comes to a close, Gate.io has once again demonstrated its leadership in the cryptocurrency and blockchain industry. Looking ahead, Gate.io is committed to delivering an exceptional trading and investment experience through continuous product innovation, service expansion, and global partnerships. The platform also optimizes its risk control systems, contract trading, smart quantification tools, and diversified financial products. Additionally, Gate.io actively promotes industry education, community building, and charitable initiatives, aiming to build a more diverse and sustainable ecosystem.

We firmly believe that Gate.io will offer users a more secure, innovative, and diversified environment for blockchain engagement through ongoing innovation in security, trading, and ecosystem development. We extend our heartfelt gratitude to all users and partners for their support. We look forward to collaborating with the global community to advance toward a safer and more innovative Web3 future.