PANews June 23 news, according to the latest (cryptocurrency exchange monthly report) released by CoinDesk today, Gate has made the highlights list with outstanding performance, becoming one of the fastest-growing mainstream platforms in the global derivatives market. The report pointed out that Gate performed remarkably in the derivatives market, with a month-on-month increase of 69.9% in contract trading volume in May, reaching 264 billion USD, ranking first globally in monthly growth. The contract market share simultaneously surged to 4.13%, setting a new historical high for the platform, fully demonstrating strong market liquidity and user engagement.
As the world's first cryptocurrency trading platform committed to 100% reserves, Gate continues to lead the industry in asset transparency and user asset security. The report also noted that Gate's latest reserve report shows that the platform's total reserves have reached 10.453 billion USD, with a total reserve ratio of as high as 123.09%, of which the reserve ratios of core assets such as BTC, ETH, and USDT exceed 110%. In addition, the report specifically mentioned Gate's global brand partnership with the F1 Red Bull Racing team and the jointly launched Web3 digital collectible project IN THE MOMENT. In the future, Gate will continue to focus on 'innovation, compliance, and professionalism' to build a more open, secure, and convenient cryptocurrency ecosystem.
