Gate’s registered user base passed 60 million this week, a milestone its founder, Dr. Han, framed in characteristically direct terms on social media: “One million crypto users in the world when we started. 60 million on Gate alone today.” The figure underscores how far the industry has grown since Gate’s founding in 2013, when the total global crypto population was measured in the low millions.

The user landmark arrived alongside two other significant developments. Gate introduced U.S. stock options trading for the first time, covering nine major equities including NVIDIA, Tesla, Apple, and Amazon. The contracts are settled in USDT, carry zero platform commissions, and require no separate stock or margin account. The launch extends a broader industry trend in which major crypto exchanges — including Coinbase and Binance — have moved to offer tokenized or crypto-settled exposure to traditional securities, aiming to capture users who want equities and crypto in a single venue. In parallel, the 2026 Crypto TradFi Landscape Report from RootData Research confirmed Gate’s position as the leader in TradFi asset coverage, with 1,022 assets as of August 24 — 4.2 times the count of the second-ranked platform — and a TradFi volume share of 10.7% in August, placing it third globally.

Compliance and Reserves

Alongside the user milestone, Gate published updated reserve figures. As of August 19, total reserves stood at $8.215 billion, with an overall reserve ratio of 127% covering nearly 500 user assets. Excess reserve ratios for BTC and ETH reached 22.79% and 22.05% respectively, while user assets held in USDT, USDC, USD1, and GUSD totaled $1.578 billion at a combined reserve ratio of 111.63%. Public proof-of-reserves disclosure became an industry norm among major exchanges after the collapse of FTX in 2022, and reserve ratios above 100% indicate the exchange holds more in reserves than it owes users.

On the regulatory front, Gate Europe holds both a MiCA license and a Payment Institution license — the former issued under the EU’s Markets in Crypto-Assets regulation, which took full effect across the bloc at the end of 2024 and created a single licensing framework for crypto services in member states. Gate entities have completed registrations or obtained authorizations across Malta, the Bahamas, Japan, Australia, and Dubai. Gate Europe CEO Dr. Giovanni Cunti discussed blockchain’s institutional trajectory in a LinkedIn post this week, describing settlement automation and cross-market connectivity as the technology’s primary value proposition for financial infrastructure, with MiCA providing the regulatory foundation for deeper integration.

Infrastructure

Gate rolled out a Unified USD Order Book that consolidates spot trading across USD, USDC, USD1, RLUSD, and other dollar-pegged currencies into a single shared depth pool. Orders denominated in different stablecoins are matched within the same market, with automatic conversion handled at settlement — removing the need for manual pre-conversion and reducing liquidity fragmentation. As the number of dollar-pegged tokens in circulation has multiplied — including RLUSD, issued by Ripple, and USD1, launched by World Liberty Financial — liquidity fragmentation across stablecoin pairs has become a recognized pain point for traders, which shared order books of this kind are designed to address. The feature is available on Gate App v8.35 and via web.

New Listings and Meme Coverage

Cluster Protocol (CP) debuted with spot trading and perpetual futures offering up to 20x leverage. A Launchpool event runs September 7–21, in which users can stake BTC, ETH, or CP to share a pool of 5,000,000 CP in rewards. Perpetual futures for BASECAT, ANSEM, and FONE also went live, with bots and copy trading support; FONE is a Solana-based meme coin positioned around mobile-first social trading.

More broadly, Gate listed seven meme-oriented assets across BNB Chain, Solana, Base, and Robinhood Chain — including 牛来, MARSCOIN, PONS, and CASHCAT — with post-listing gains ranging from 25% to 288%.

Stocks and Tokenized Assets

Gate gStocks recorded notable moves: MiniMax (MINIMAXG) rose 14.79%, while the 2x Long SNDK ETF (SNXXG) gained 12.16%. The gStocks segment operates on a 1:1 fully backed reserve model and supports 24/7 trading from 1 USDT — a round-the-clock schedule that contrasts with conventional equity markets, which operate on fixed exchange hours. Among Hong Kong equities tracked on Gate, DONGGUANG CHEMICAL climbed 27.08% and WANGSHI INTERNATIONAL gained 26.37% on September 1.

Lucas Sum, Gate’s Head of Market Development for Equities, noted in a LinkedIn post that fractional shares — available on Gate from 0.01 shares — allow position sizing to reflect investor conviction and allocation intent rather than nominal stock price. Separately, Gate Pre-IPOs conducted its second 7% share unlock for SpaceX (SPCX) on September 3, distributing shares equivalent to 8.75% of current holdings directly to users’ stock accounts.

Commodities and Derivatives

Gate reported leading positions across several commodity derivatives segments. CoinGlass data shows the exchange holds 56.07% of industry-wide open interest in Natural Gas futures, ranking first, while its Copper open interest accounts for 28.06% of the market, placing third.

In precious metals, a sharp volatility episode in gold and silver markets on September 3 drove a derivatives surge. Gate’s Gold futures open interest reached $431 million and Silver open interest hit $94.53 million, with both ranking in the top two globally according to CoinGlass.

Copy Trading

Gate’s futures copy trading segment posted a 136.5% week-on-week increase in average daily new Copiers, while CFD copy trading capital grew 26.9% over the same period. The Gate Elite Trader Championship, running through September 21, offers a 500,000 USDT prize pool across futures and CFD tracks, converting volume, returns, and copier metrics into Firepower Points.

Launchpool and Airdrop Ecosystem

August data showed sustained activity across Gate’s distribution programs. Launchpool introduced five new projects with total staking volume exceeding $1.2 billion, and PIPEDOG recorded a peak APR of 710.68% in its final hour. CandyDrop launched three projects, with the BTC campaign drawing more than 45,000 participants. Pre-IPOs added the KIMI project, and HODLer Airdrop introduced one new project.

Payments and AI

Gate Card expanded its supported use cases to cover subscriptions for ChatGPT and Claude. Eligible first-time subscribers receive up to 50% cashback, capped at 10 USDT, through September 27. The card operates across Visa and Mastercard networks with Apple Pay and Google Pay support, covering approximately 150 million merchants in over 200 countries.

On the AI front, Gate AI partnered with XYO to launch XYO Crypto Cards, a prediction game in which players forecast the price direction of three daily tokens and compete against an AI model, with predictions recorded on-chain via XYO Layer One.

Market Flows and Macro Recap

Gate Ventures’ weekly recap described a modest recovery in global risk assets: the S&P 500 rose 0.49%, while BTC fell 3.2% and ETH declined 1.9% for the week. Spot BTC and ETH ETF inflows totaled $924.4 million and $824 million respectively, and the Fear & Greed Index registered 62 — a reading in the index’s “greed” band. Infrastructure deals dominated funding activity, with $209.5 million raised across 15 transactions. An on-chain transfer of 200,000 HYPE, worth approximately $16.5 million, from Hyperliquid to Gate was recorded during the period.

Exchange flow data from DefiLlama captured Gate’s position across multiple time windows. Over the past month, Gate recorded $520.45 million in net inflows, ranking third globally. Two separate seven-day snapshots placed Gate first among all centralized exchanges, with figures of $96.64 million and $78.19 million recorded at different points during the week. Over 24-hour windows, Gate recorded inflows of $60.69 million (ranked second) and $48.54 million (ranked in the top three) in separate readings. The variation across snapshots reflects real-time ranking fluctuations rather than contradictions in the underlying data.

Event Market

Gate Event Market is running a Big 5 Leagues Points Boost Campaign through September 14, spanning Premier League, LaLiga, Serie A, Bundesliga, and Ligue 1 fixtures. A Ligue 1 match between PSG and Monaco on September 4 showed a 71% market support rate for PSG. A separate Event Contracts trading contest runs through September 9, featuring an unlimited prize pool with a per-user ceiling of 9,200 USDT.

Source: Metaverse Post