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Gate’s 2024 annual report showcases a remarkable year of growth and innovation, solidifying the platform’s position as one of the top four cryptocurrency exchanges globally.
The report highlights a significant milestone in trading volume, exceeding $3.8 trillion, demonstrating the company’s commitment to providing users with a secure and reliable platform for digital asset trading.
Gate has also expanded its global reach by acquiring licensed institution Sheer Markets in Cyprus, further solidifying its presence in Europe. Additionally, the company has successfully registered as a VASP (Virtual Asset Service Provider) in Argentina, paving the way for future expansion into emerging markets.
The report emphasizes Gate’s dedication to innovation and compliance, partnering with industry leaders such as Elliptic and Chainalysis to enhance security and regulatory compliance. The company has also invested $10 million in The Open Network (TON) and launched a $100 million Web3 innovation fund in collaboration with the Abu Dhabi Blockchain Center.
Notably, Gate has demonstrated impressive growth in its financial products, including the surge of 185% in daily funds for its Gate Earn product, reaching nearly $2 billion USDT. This innovative offering provides rewards pools for major cryptocurrencies and up to 30% additional returns, further solidifying the platform’s commitment to diversifying investment options.
The company has also strengthened collaborations with global cloud providers to enhance platform performance and security.
In conclusion, Gate’s 2024 annual report showcases a remarkable year of growth, innovation, and compliance. As it looks ahead, Gate is poised to continue driving blockchain innovation, expanding into emerging markets, and enhancing its services for users worldwide.
Source: blockonomi.com
