Gate’s Transition to a Full Web3 Operating System
- Gate has adopted an “All in Web3” strategy, aiming to become a “full Web3 operating system,” with over 42 million users worldwide.
- The platform launched new products including a Perp DEX, tokenized stocks, and an MPC-based multi-chain wallet called Gate Vault.
- Gate’s derivatives trading volume surged by 98.9% in August, marking a significant growth milestone.
- Gate introduced xStocks for tokenized asset trading and launched the RWA-backed stablecoin GUSD, exceeding $230 million in issuance.
- A new loyalty program, Future Points, was introduced to enhance user engagement and retention.
Gate is evolving from a traditional exchange into a comprehensive Web3 ecosystem by launching innovative products like Gate Vault for improved security and xStocks for continuous trading opportunities. The introduction of GUSD stablecoin bridges traditional finance with blockchain technology.
With more than $12 billion in assets backed by a reserve ratio of 123.98%, Gate aims to build an efficient, transparent crypto-financial ecosystem for its global user base of over 42 million. (Source)
