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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
Gate sets a record with the strongest single month: both Spot and contract market share rise are the first in the industry.
According to Gate News Bot, a recent report by CoinDesk states that Gate achieved its strongest single-month performance in history in August, with a Spot market share rising by 1.22% to 4.13%, the largest increase among major exchanges. In terms of derivatives trading, Gate's volume soared by 98.9% to $746 billion, setting a new historical record for the exchange; its derivatives market share also increased by 4.64% to 10.1%, the highest growth in the entire industry, firmly ranking as the fourth largest derivatives trading exchange in the world. According to DefiLlama data, Gate's net inflow of funds for the week reached $66.29 million, ranking third globally. The data indicates that Gate's rapid growth and increasing influence in the Spot and derivatives markets highlight its increasingly prominent position in the global Crypto Assets market.
Currently, Gate has over 37 million global users and is continuously promoting the expansion and optimization of platform services. At the same time, Gate has launched GUSD, a tokenized RWA investment certificate backed by US Treasury bonds. This product went live on August 29, supporting Spot trading and deposit/withdrawal services, with the first Launchpool GUSD staking pool offering up to 365% annualized returns, providing users with a low-risk and predictable yield on on-chain asset allocation options. Additionally, Gate's August reserve proof shows that the platform's total reserves amount to $12.02 billion, with $2.32 billion in excess reserves and a Bitcoin reserve ratio as high as 133.48%. Gate's growth is based on the core pillars of security and transparency, and will continue to promote global ecological expansion on this foundation.
Overall, Gate not only set a historical high in trading volume in August but also demonstrated a balance between compliance, innovation, and user trust. In the future, with the continuous improvement of the compliance framework and the sustained increase in market liquidity, Gate is expected to further consolidate its leading position in the global Crypto Assets market, injecting new momentum into the long-term healthy development of the entire encryption industry.