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#GateNovTransparencyReportReleased

November 2025’s transparency report just dropped, and honestly, it’s the kind of update that leaves most people speechless once they dig into the numbers.

Let’s start with spot trading: $163 billion in real monthly volume — that’s the highest single-month figure in the exchange’s entire history, up a staggering 39.1% from October alone. More importantly, market share climbed to just over 6.04%. That might not sound crazy at first glance, but the year-to-date increase is 3.43 percentage points — the fastest growth among all major centralized exchanges in 2025, by a wide margin.

On the derivatives side, things look just as strong. Global perpetual futures volume hit a new annual record of $7.56 trillion, and the platform held steady at a 10.5% market share while open interest reached 9.92% of the entire market — comfortably keeping it in the global top 4. CoinDesk’s latest Exchange Benchmark (the most respected independent scorecard in the industry) gave derivatives an 85.97 (AA tier) and spot a 79.03 (A tier). The standout detail? It scored a perfect 100/100 in the “Market Quality” category — the metric that measures depth, slippage, and manipulation resistance. Very few exchanges ever hit that mark.

Proof-of-reserves remains 100%, verified and audited every month as always. No surprises, no gaps, no funny business.

The on-chain ecosystem is growing even faster than the centralized side. Their perpetual DEX now consistently clears $10 billion in monthly volume. Their own Layer network has surpassed 100 million unique active addresses, and daily on-chain transactions keep climbing. Staking products saw $224 million in net new inflows in November alone. Community campaigns (Launchpool, HODLer airdrops, CandyDrop, etc.) attracted over 370,000 unique participants in a single month.

On the institutional front, they lowered the minimum for Private Wealth Management from $1M to $500k, opening VIP-level OTC, structured products, and quant funds to a much wider high-net-worth crowd. Licensing progress in Australia and Malta is in the final stages — official announcements expected any day now.

Branding-wise they’ve been active but low-key: F1 Brazilian GP sponsorship with massive track-side presence, exclusive VIP dinner in Malta, CEO Dr. Han speaking at several closed-door events. Yet none of that overshadows the numbers; the data does the talking.

Bottom line: the exchange isn’t just “one of the big ones” anymore. In growth rate, transparency scores, ecosystem breadth, and trading depth, it’s now leading the pack on multiple fronts — and it’s doing it quietly, methodically, with monthly reports that keep getting harder and harder to argue with.

The crypto timeline pretty much summed it up in one sentence that’s been repeated everywhere since the report came out:

“They’ve quietly moved into a completely different league — are we all paying attention yet?”