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Gate, a tier-1 cryptocurrency exchange ecosystem, has published its quarterly report. The platform's global registered user base surpassed 30 million, making it one of the few largest exchanges to maintain high-speed growth amid market uncertainty.
Gate user count exceeded 30 million in Q2 amid controversial market
According to its latest quarterly report for the second quarter of 2025, Gate, a mainstream cryptocurrency exchange, saw its user count exceed 30 million, . Gate secured this accomplishment despite controversial market conditions in Q2, 2025.
On the spot side, while many exchanges saw declining volumes due to reduced market volatility and weakened speculative sentiment, Gate recorded over $110 billion in spot trading volume in April alone, representing a month-over-month increase of more than 14%.
With nearly 10% market share, Gate rose to second place among global centralized exchanges, becoming the only mainstream platform to achieve double-digit growth. This market leadership was also recognized externally—according to CoinDesk’s Q2 2025 Exchange Review, Gate ranked 5th globally in the derivatives market, continuing its ascent among top-tier exchanges. Gate was also one of the few exchanges to show consistent growth across both spot and derivatives segments, despite a broader market downturn.
In June, Gate posted the second-highest increase in derivatives market share behind Binance, rising 1.01% to 5.14%, It's Gate's seventh consecutive monthly gain to reach new yearly volume highs.
Gate now ranks as the fifth-largest derivatives exchange by trading volume, surpassing Hyperliquid, CME, and Coinbase International. CoinDesk’s June Exchange Review also notes that Gate maintained one of the most stable performances among major platforms, with derivatives volumes dipping just 2.57%—far below the industry’s 21.6% contraction. This resilience further cements Gate’s position as one of the few exchanges demonstrating consistent growth across both trading volume and open interest.
To provide the context, centralized exchanges recorded their lowest combined trading volume since October 2024, falling 22.8% to $6.48T - with spot trading declining 26.7% to $1.44T and derivatives trading dropping 21.6% to $5.04T, CoinDesk’s Exchanges Review says.
New milestones for product strategy
In Q2, 2025, Gate’s spot business performed exceptionally, with multiple product lines continuously driving user engagement and revenue growth. The four flagship token launch products, Launchpad, Launchpool, HODLer Airdrop and CandyDrop, delivered solid results. The relaunch of Launchpad saw its first project, Puffverse (PFVS), receive over $656 million in subscriptions.
Several tokens on Launchpool saw price surges exceeding 100%, HODLer Airdrop launched dozens of airdrop projects with a value of over a million dollars and more than 30 new projects were listed on CandyDrop. Gate continuously optimized its launch mechanisms, effectively activating user trading and enhancing platform stickiness and ecosystem vitality.
Gate Alpha demonstrated strong growth momentum, becoming the CEX product closest to the DEX experience for on-chain asset launches. Gate Alpha was also highlighted in CoinDesk’s review as a key driver behind Gate’s infrastructure evolution—powering programmable strategies and enabling cross-protocol liquidity. Its hybrid design is increasingly viewed as a model for bridging CeFi stability with DeFi flexibility.Nearly a thousand new projects were rapidly listed in Q2, with cumulative trading users exceeding several hundred thousand.
On the institutional side, Gate’s institutional derivatives trading volume increased 33% quarter-over-quarter, with both spot and derivatives institutional user numbers up 27%. Latency was significantly optimized, continuously improving the institutional user experience.
In wealth management, Gate’s Simple Earn has added 56 new assets for flexible subscriptions, along with fixed-term products offering up to 150% APR and VIP term options with USDT yields reaching 4.5%. June also saw the launch of xStocks, Gate’s new section for tokenized stock trading—hailed as the world’s first futures market for tokenized assets. Offering 24/7 trading of USDT-based assets like AAPLx and TSLAx, xStocks delivers real-time on-chain settlement and opens new pathways for retail and institutional investors to access blue-chip assets in a crypto-native format.
Betting big on security and compliance
In Q2, 2025, Gate made significant progress in reserve transparency and its global compliance strategy, further solidifying its leadership position in the industry.
As of June 2025, Gate’s total reserves stood at $10.453 billion, with an overall reserve ratio of 123.09%, covering over 350 types of assets and maintaining $1.96 billion in excess reserves. Reserve ratios for core assets such as BTC, ETH and USDT significantly exceeded 100%, with BTC reaching 138.7%.
On the compliance front, Gate Technology FZE, a part of Gate, has obtained a VASP License under the regulation and supervision of VARA in Dubai to provide exchange services and is permitted to serve institutional investors, qualified investors and retail investors. This milestone marks another significant step forward in Gate's global compliance strategy.
As of June 2025, Gate had facilitated over $4.03 trillion in year-to-date futures trading volume and $459 billion in spot volume, with more than 3,600 trading pairs available. According to CoinDesk, Gate was also the largest gainer in derivatives market share year-to-date, underscoring its momentum in a consolidating exchange landscape.
Community-centric approach: Case of Gate Learn and brand collabs
In Q2, 2025, Gate continued to strengthen its content ecosystem and community operations, promoting the platform’s soft power through education, product optimization and cultural collaboration.
The Gate Learn platform continued to release high-quality original content in both Chinese and English, providing users with a steady stream of professional knowledge. Gate Research achieved breakthroughs in content production and domain coverage by continuously improving its regular series, including the Quantitative Biweekly, Monthly On-Chain Data Report, Monthly Financing Report and Monthly Cryptocurrency Market Review, helping investors better understand the crypto market.
In terms of brand and cultural initiatives, Gate also achieved notable results. The platform partnered with Oracle Red Bull Racing in F1 to launch a cobranded digital collectibles series, with cumulative minting exceeding two million, sparking a frenzy of user participation.
Vladislav Sopov
U.Today Editorial Team