Crypto exchange portal.ioGateToken's (GT) native token reached an all-time high of $14.01 in December, according to data from Queen GekkoAmid the increase in the number of users of the platform and the issuance of the reserve report for the month of December.

Middle A Wider recession In the cryptocurrency market, GateToken has fallen from its all-time high to its current value of $13.07, according to CoinGecko data. Gate's Gatechain native token, GT, is used to pay transaction fees as well as offering benefits including VIP tier escalation and trading fee discounts.

The token's rise over the past month comes amid rising user numbers on Gate.io, along with high-profile sports sponsorship deals and a December reserve report that saw the platform set industry benchmarks.

At the beginning of the month, the platform was released Reserve report for Decemberrevealing that Reserves It reached a record level of $9.566 billion and a reserve ratio of 123.91%, exceeding the average level of leading industries of 120%. Gate.io's excess reserves also exceeded $1.846 billion according to the report, an increase of 68.89% to set a record for the platform, with an excess reserve ratio of 23.91%.

in Official AMA On December 13, Gate.io's chief business officer, Kevin Lee, revealed that the platform's reserve fund had exceeded $10 billion, the fourth largest global fund in the sector. Lee added that the exchange is "continuously enhancing its security protocols to provide a more transparent and reliable trading environment for its users" during the AMA.

Days later, Gate.io Transgression 20 million registered users, and a spokesperson for the platform commented that this achievement represents its “outstanding competitiveness in the global market.”

GateToken's gains in December built on the platform's successes in recent months; In August, Gate.io became the official website Official sleeve sponsor Football club Internazionale Milano, with its logo adorning the playing kits of the men's, women's and under-20 teams.

At the time, Gate.io founder and CEO Dr. Lin Han said the partnership “aligns with our commitment to innovation and community engagement,” adding: “We are excited to deliver new and exciting experiences to Inter fans around the world.” The collaboration will see the partners collaborate on exclusive content , activating co-marketing, co-branded merchandise, and opportunities for fans to “connect on and off the field.”

“Gate.io remains committed to ensuring the security of users’ funds and enhancing the impact of its brand,” a platform spokesperson said. Decryption. They added that its efforts "will help establish its position as a major player in the industry and enhance its market leadership."