On July 11th, Gate’s founder and CEO, Dr. Han, highlighted the platform’s achievement of surpassing 30 million registered users during an interview with COINOTAG. This milestone underscores the sustained confidence and support from a diverse global user base, while also emphasizing Gate’s heightened responsibility to uphold industry standards. Dr. Han emphasized that continuous innovation and rigorous compliance are essential to maintaining a competitive edge in the evolving crypto landscape.
Despite prevailing market challenges, Gate has demonstrated significant progress in the derivatives sector. CoinDesk’s May report revealed a near 70% quarter-on-quarter increase in Gate’s derivatives trading volume, elevating its global market share to 4.13% and securing the third position among contract trading platforms. This growth is attributed to Gate’s unique strategy combining long-tail contracts with advanced technology, delivering superior liquidity, robust risk management, and broad cryptocurrency options.
Furthermore, Gate’s financial stability is reflected in its reserves exceeding $10.4 billion as of June, with a reserve ratio of 123%, ranking it among the top four worldwide. The platform is advancing transparency through audits and enhanced user verification, while expanding its ecosystem with products like Gate Wallet, Launchpool, and xStocks. Dr. Han reaffirmed Gate’s commitment to deepening compliance and fostering equitable access to global financial markets as it embarks on this new phase of growth.