(MENAFN- GlobeNewsWire - Nasdaq) Panama City, Panama, May 22, 2024 (GLOBE NEWSWIRE) -- Gate, a leading crypto exchange and Web3 innovator, has announced its 11th-anniversary celebrations , showcasing its milestones and launching prize-winning activities for its global user base. Since its founding in 2013, Gate has actively worked to create a secure and cutting-edge platform for Cryptocurrency users worldwide. Under the leadership of Founder and CEO Dr. Lin Han, the platform has prioritized user asset security, technological advancement, and exceptional user experience.
11 Years of Growth and Commitment
With over 15 million users and support for over 2,200 digital assets, Gate has established itself as one of the most trusted trading platforms globally, with peak daily trading volume surpassing $14 billion.
In the past 11 years, Gate has grown in key areas, including trading volume, user base, and diversity and quality of services. In 2023, the platform saw annual volume reach $1.72 trillion, listing over 360 new assets and attracting over 7 million users to its Startup launchpad. Gate Wealth, its wealth management platform, grew to over $768 million in funds contributed by users.
As one of the first exchanges to commit to a full-reserve model, its most recent Proof of Reserves reported that total reserves exceed $7 billion (USD), with a reserve-deposit ratio of 115.29%. Further, its reserves reporting method has successfully passed an audit by the blockchain security firm Hacken.
Regarding global expansion, Gate Group has obtained licenses for digital asset-related businesses and completed relevant VASP registrations through local entities in several regions. It has established local stations in Malta, Hong Kong, Lithuania, Turkey, and other regions to provide secure and compliant digital asset services for local users.
A Comprehensive Evolution
In celebration of its 11th anniversary, Gate adopted the theme "unlocking an era of omnipotent trading" to mark the milestones. In addition to its core exchange services, Gate has built an ecosystem that includes the GateChain public blockchain alongside wallet, DeFi, and Web3 services, research, venture capital, and startup incubation.
Other notable areas of development this past year include the Gate Web3 Wallet, which supports numerous mainstream chains and tens of thousands of digital assets. The broader Gate Web3 ecosystem also features a DApp browser, NFT market, inter- and cross-chain swaps, decentralized perpetuals, airdrops, and more. In addition to accelerating crypto applications, Gate has evolved to offer payment services through Gate Pay and Gate Card and on- and off-ramp services through Gate OTC and Gate Connect.
Lastly, in 2023, Gate Charity achieved a new milestone in its global philanthropy, carrying out over 100 charitable activities in 16 countries. Meanwhile, Gate Learn expanded to offer diverse courses that promote crypto education and understanding of blockchain technology. Gate actively participates in offline events, expanding its community footprint across Asia, Europe, North America, South America, and Africa.
Celebrating with Users
As part of its 11th anniversary, Gate has launched a series of events to give back to users:
Send Greetings, Win Anniversary Gifts: Users can share their anniversary wishes to win exclusive gifts.
Claim 11th Anniversary Merchandise: Millions of dollars in prizes are ready in the lucky draw.
Play Revelry Game, Feast on $100,000 Treats: Users can play games, collect celebration gifts, and get chances to win luxurious prizes.
Join Final Gala, Win Big in the Grand Prize Draw: Merchandise is up for grabs, along with many other prizes, including iPhone 15 Pro Max, MacBooks, iPads, and airdrops.
Amid the rapid growth of the global cryptocurrency market, the role and responsibility of trading platforms continue to evolve. Gate, with its technical expertise and industry experience, aims to introduce the era of comprehensivity, offering more trading options and improved services. It remains confident that this advancement will further cement Gate as a leader in driving the industry into a new phase of development and adoption.
CONTACT: Elaine Wangelaine.w at gate
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