Gate’s October 2026 transparency report says the exchange launched Gate Money, a service bringing together bank accounts, fiat currencies, digital assets, stocks and payments. The report was covered by ChainCatcher on November 12, 2026, at 14:14 (UTC+8).
According to Gate, eligible users can open a global electronic bank account in their own name online. The service currently supports SWIFT cross-border payments in USD, EUR, GBP and AED. Gate says it reduced both account-management and withdrawal fees by 50%. It plans to expand the service to markets including Europe, Australia and Dubai, and to support receipts in more than 60 local currencies.
Citing CoinDesk’s monthly Exchange Review, the report puts Gate’s October derivatives trading volume at $394 billion, third among centralized exchanges. It says spot volume rose 2.1% to $49.8 billion and that Gate ranked second globally for growth in spot market share. Gate also reported more than $340 million held in its 闲钱宝 product, over $575 million in monthly Launchpool staking, and a 61.04% month-on-month increase in cumulative additional rewards from 余币宝.
Gate reported total reserves of $8.688 billion for October, up 5.7% month on month, and an overall reserve ratio of 118.49%. These reserve figures are claims in the reported transparency update, not an independent assessment of asset safety.