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Home News CryptoRank Data: Gate Publishes August Trading and Ecosystem Data, Spot Trading Volume Reaches $131 Billion Ranking Second Globally

CryptoRank Data: Gate Publishes August Trading and Ecosystem Data, Spot Trading Volume Reaches $131 Billion Ranking Second Globally

BlockBeats News, September 23rd. According to CryptoRank’s monthly exchange report, Gate stood out in August with a spot trading volume of $131 billion, ranking second among global trading platforms, second only to Binance. Its futures trading volume reached $923 billion, with an 18% increase compared to the previous month, making it the fastest-growing exchange among top platforms. In addition to its trading volume performance, Gate’s ecosystem development has also made new progress. Official data shows that Gate Launchpool has hosted up to its 300th session, distributing over $96.8 million in rewards to users cumulatively. Meanwhile, Gate has launched GUSD, a tokenized US bond product supported by RWA. Transparency reports indicate that Gate’s total assets under management are approximately $12 billion, with an overall reserve ratio of 124%. The reserve ratios for BTC, ETH, and USDT all exceed 120%, surpassing the industry average.

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