Today, GATE and OKX both announced their year-end summaries.

Here's a brief overview:

GATE's achievements this year:

1. Market Position: Second in global spot trading volume, with derivatives trading volume and overall strength firmly in the top three worldwide.

2. Asset Security: Total reserve assets reached $11.676 billion, reserve ratio at 124%, covering nearly 500 asset types.

3. Global Brand: Signed partnerships with F1 Red Bull Racing Team and Inter Milan Football Club, pushing the brand into mainstream visibility.

OKX's achievements this year:

1. Extreme Stability: Maintained zero downtime during extreme market conditions, with smooth trading and withdrawals, peak processing capacity reaching 1.72 million transactions per second.

Security and Transparency:
Reserve Funds: Adheres to 100% Proof of Reserves (PoR), managing assets exceeding $31.5 billion, with an annual surplus of 3%-5%.

Business Growth: Global user base surpassing 120 million; DEX trading volume increased by 262%; OKX Pay experienced explosive growth in Brazil and other regions.

Although the market wasn't very good this year, the exchanges still seem to be growing quite rapidly.