#GateJulyTransparencyReportReleased

Gate’s July 2026 Transparency Report clearly reveals the exchange’s transformation from a traditional crypto trading platform into a global and integrated financial ecosystem.

The company is pursuing an aggressive and innovative expansion strategy that combines crypto assets with traditional finance (TradFi).

Key signals and industry assessments gleaned from the report are as follows:

Key Global Signals from the July 2026 Report

* Traditional Finance (TradFi) Integration: The platform has bridged the gap between the two worlds by offering crypto investors commission-free US stocks and ETFs. It directly competes with traditional brokerage firms through features such as "Stock Copy Trading" and interest accrual on idle stock balances.

* Pre-IPO Investment Opportunities: It has achieved record cumulative subscription volumes by providing access to pre-IPO and early-stage IPO investments in AI giants like OpenAI and Moonshot AI.

* Dominance in Prediction Markets: The platform's event contracts market share exceeded 36%, reaching one of its highest levels globally.

* Sustainable Security Standards: User assets are reportedly heavily collateralized against market fluctuations with a 117% Proof of Reserves ratio.

Sectoral Assessment and Future Projection

The period up to July 2026 coincided with a stagnant period where overall crypto spot trading volumes contracted by an average of 21.7% across exchanges. However, Gate's growth during this period was based on two strategic moves:

Strategic Move Market Impact

Multiple Asset Diversification (gStocks/ETF) Balanced the decline in crypto volume by directing investors to US exchanges and ETFs. RWA and Interest Yields (Simple Earn) prevented capital outflow from the exchange with Gemini USD ($GUSD ) integration and a 3.8% APR yield based on US Treasury Bonds.

Gate's global strategy is to hedge (balance) the volatility risk in crypto trading with real-world assets (RWA), tokenized shares, and innovative prediction markets. This is the strongest signal that centralized exchanges will become not just places for token swaps in the future, but multifunctional "Web3-TradFi Banks."

The technical operation, participation conditions, and cost structures of three major innovation waves highlighted in Gate's July 2026 Transparency Report are as follows:

1. Commission-Free US Stock and ETF Trading

Gate has pioneered a "zero-fee" mode for accessing global equity markets. This service operates through tokenized stocks via the gStocks infrastructure.

* Zero Cost Items: The platform does not charge commissions (transaction fees) on trading eligible US stocks and ETFs. There are also no account opening fees, monthly account maintenance fees, or minimum transaction limits.

* Third-Party and Clearing Fees: While no direct commission is charged, mandatory fees levied by US market regulators, custodian banks, and clearing houses are passed on to the user. For example, a settlement fee of $0.003 per share is applied per transaction (limited to a maximum of 0.05% of the total transaction value). Also, bid-ask spread costs remain.

* Key Features: Investors can trade 24/7 using USDT. Fractional (partial) purchases, such as 0.01 shares, are supported, dividend rights are preserved, and share transfers (In/Out) from other institutions are allowed.

* Important Note: Commission-free US stock volumes are not included in the user's Gate VIP tier total volume calculations.

2. OpenAI and Moonshot AI Pre-IPO Participation Terms
The Gate Pre-IPOs platform makes pre-IPO company shares, traditionally only available to institutional or accredited giant investors, accessible to retail (individual) investors. Subscriptions for OpenAI (Phase 2) and the Chinese AI giant Moonshot AI (KIMI - Phase 3) were opened in July and August 2026.

* Product Structure (Asset Certificates): These investments do not directly represent ownership of shares or equity in the company. The certificates are structured as mirror notes/asset certificates that track the company's future IPO valuation and market capitalization.

* Entry Requirements and Minimum Amount: Investors can participate in subscription pools with USDT or GUSD (Gemini USD). The minimum participation limit is set at 10,000 USDT or 10,000 GUSD.

* Fees: A 5% underwriting fee is charged upon entry. A 20% performance fee is deducted from any potential future profits generated by the investment.

* Extra Yield Advantage: Investors using GUSD during the participation period will benefit from a flexible annual APR (interest yield) of 3.8% thanks to background funding based on US Treasury bonds. * Liquidity and Unlock: The certificates will be fully unlocked on the specified distribution date (e.g., August 17, 2026 for Moonshot AI). Approximately one month after distribution, a secondary market will open within Gate, allowing users to buy and sell certificates.

3. 117% Proof of Reserves Technology
Gate has announced a current reserve ratio of 117% to maintain maximum financial transparency during the period of market volatility and exchange consolidations in mid-2026.

* Overcollateralization: This ratio indicates that a much larger amount than the total value of all users' assets on the platform is held in the exchange's cold and hot wallets.

* Asset Distribution Details:

* Main Cryptocurrencies: BTC and ETH reserves continue to grow steadily. 26,775 BTC and 456,798 ETH are held on the platform.

* Stablecoins: Exchange pools hold 1.59 billion stablecoins (118.97% reserve ratio) compared to users' total 1.336 billion stablecoin holdings, including USDT, USDC, USD1, and GUSD.

* Altcoins: Gate token (GT) reserves are at 131.13%, and XRP reserves are at 116.5%. Nearly 500 different asset types are covered by this transparent protection.

* Verification Technology (Merkle Tree): Users can independently and anonymously verify, via the blockchain, whether their account balances and assets are fully included in the exchange's total reserve calculation, using the Merkle Tree cryptographic data structure and zero-knowledge proofs (ZKP) technology.
$GT ‌$GUSD ‌