Gate Chief Business Officer Kevin Lee responded to rumors in an official AMA: Reserve funds have exceeded 10 billion, ranking fourth in the industry, and called for healthy development

On December 13, Kevin Lee, Chief Business Officer of Gate.io, responded positively to recent false statements about the platform in a special AMA live broadcast, and fully disclosed the latest data for the first time, showing Gate.io's strong strength and firm commitment to global users. This live broadcast not only eliminated the negative impact of rumors on the market, but also highlighted Gate.io's leading position and responsibility in the industry.

Reserves exceed 10 billion, stable operation reaffirms strength

Kevin Lee emphasized in the live broadcast that Gate.io always adheres to the core of user asset security and adheres to the principle of transparent management. As of now, the platform's reserve fund has exceeded 10 billion US dollars, ranking fourth in the industry worldwide. This data far exceeds the industry benchmark and provides users with unprecedented asset protection.

At the same time, the platform's deposit, withdrawal and trading functions are all normal, and there are no false problems reported by the outside world. Kevin Lee called on all participants in the industry to promote the healthy development of the crypto market with a constructive attitude and put an end to malicious competition and the spread of false information.

Recently, some lawless elements have attempted to discredit the platform's reputation and create user panic by forging screenshots and fabricating false information. These behaviors include using forged addresses to create incorrect transaction information, and confusing the public by intercepting the withdrawal failure page, concealing the specific reasons for failure provided by the platform, and maliciously spreading false rumors such as "unable to withdraw cash".

In response, Kevin Lee made it clear in the AMA that Gate.io severely condemned these malicious behaviors and promised to further strengthen user education and risk warnings. At the same time, it reminds users to remain highly vigilant, carefully verify the source of information, and avoid being misled by false screenshots and other means. Gate.io will continue to optimize the platform's security mechanism to provide users with a more transparent and secure trading environment.

Breakthrough in all data, leading the industry

During the live broadcast, Kevin Lee shared Gate.io's recent outstanding performance in multiple dimensions, using facts to counter rumors and enhance market trust.

Gate.io is currently ranked among the top five in the global crypto industry in terms of website traffic, attracting the continued attention of a large number of users. In terms of trading depth, Gate.io's spot and contract markets both rank first in the industry worldwide, providing users with a highly competitive trading experience.

At the same time, the number and speed of currencies launched on the platform remain the first in the world, especially in the spot and small currency contract markets. Gate.io covers the diversified needs of global users with faster response capabilities and richer choices.

It is worth mentioning that the platform's spot trading growth rate has exceeded 290%, which is much higher than the industry average. At present, Gate.io's 100% reserve fund has exceeded the industry benchmark by 20%. Combined with the steadily growing reserve fund scale, Gate.io is committed to creating a stable, secure and diversified asset management platform for users.

Kevin Lee also pointed out that Gate.io has also made remarkable achievements in the field of innovation. As of now, the total amount of Startup airdrops has exceeded 120 million US dollars, providing a win-win innovation ecosystem for new projects and users. In other aspects, grid trading has exceeded 300,000 users, total transactions have exceeded 20 billion US dollars, and the scale of Yubibao is nearly 2 billion US dollars.

In addition, the platform currency GT has steadily risen, setting a record high of $13.890. The long-term deflation mechanism has destroyed a cumulative value of more than $180 million, continuing to create higher value for users.

Build trust with security and transparency, and work together to promote the healthy development of the industry

Gate.io's AMA is a powerful "end" to a rumor, and it also sends a clear signal to users: No matter how the market changes, Gate.io will firmly protect user assets based on security, transparency and stable operations. At the same time, Kevin Lee once again called on industry participants to promote the healthy development of the encryption industry with a win-win attitude and build a healthy and sustainable encryption ecosystem.

In the future, Gate.io will continue to deepen user services and technological innovation to provide global users with a trustworthy crypto asset trading experience. This is not only a strong support for the healthy development of the industry, but also the best feedback for the trust of every user.