Gate Update: OpenAI Pre-IPOs Cross $260M, World Cup Finals Hit Polymarket, And A Week Of Platform Milestones
In Brief
Gate’s World Cup prediction market, OpenAI Pre-IPO at $260M+, SoFi partnership, GUSD 230M staked, Robinhood Chain integration, and equities ecosystem expansion.
Gate’s World Cup prediction market is drawing last-minute attention as the tournament enters its final days, with users flocking to forecast the France vs. England third-place playoff on July 18 and the high-stakes Spain vs. Argentina final on July 19 — both live on Gate Polymarket, with a 50,000 USDT prize pool up for grabs.
Meanwhile, the platform’s Pre-IPOs ambitions are hitting new milestones: its Phase 2 OpenAI subscription closed at over $260 million with a subscription rate exceeding 1,300%, following the earlier SpaceX round that raised nearly $395 million. These two storylines — mass-market excitement around sports prediction and surging appetite for pre-IPO access to elite tech names — capture the breadth of Gate’s current expansion push across both retail and institutional segments.
Here’s a full roundup of what else Gate announced this week.
Institutional & Infrastructure
Gate Institutional’s weekly report (July 6–12) showed total TradFi trading volume holding steady near $85 billion, with CFDs accounting for roughly 95% of that figure. South Korean equities emerged as a fast-growing segment within Gate Stocks, while BTC open interest remained range-bound and declining options volume pointed to a market shifting toward a low-volatility recovery phase.
On the infrastructure side, Gate US announced a partnership with SoFi, a nationally chartered bank, to underpin its U.S. financial operations. The collaboration leverages SoFi’s Big Business Banking account as part of Gate US’s compliance-first buildout, with upcoming ACH and Wire transfer capabilities on the way. Gate US currently holds 36 state money transmission licenses across 47 U.S. jurisdictions.
Equities Ecosystem
French crypto media Cryptoast ranked Gate Europe third among crypto platforms in Europe, citing its MiCA license from the Malta Financial Services Authority, EU-wide passporting, low trading fees starting from 0.1% (dropping to 0% at higher tiers), and free SEPA euro deposits. Gate Europe currently supports over 270 cryptocurrencies alongside a tiered VIP fee structure and Proof of Reserves.
The broader equities story was captured in an in-depth report by Odaily this week, which highlighted Gate’s growing all-in-one global equities ecosystem. Spanning Pre-IPOs, IPO Access, global stock trading, tokenized securities (gStocks), stock CFDs, and stock perpetual futures, the platform allows users to access global investment opportunities with USDT through a single unified account. Odaily framed Gate’s trajectory as emblematic of an accelerating convergence between traditional finance and digital assets — as RWAs, tokenized securities, and on-chain financial infrastructure continue to mature.
Semiconductor and tech stocks faced headwinds this week, creating active conditions across Gate’s stock derivatives markets. SK Hynix fell 11.52% and Samsung dropped 8.76%, yet Gate’s SKHYNIX futures posted $56.49 million in 24-hour volume and SAMSUNG futures added $5.4 million. SanDisk (SNDK) futures saw even sharper activity at $208 million in 24-hour volume, while INTC futures recorded $7.35 million.
Micron (MU) and SpaceX (SPCX) futures likewise remained in the industry’s top tier by open interest. In Hong Kong, Gate Stocks highlighted three counter-trend movers: ZG Group-W surged 52%, Tengrui Auto Int jumped 26.82%, and China 33 Group rose 20.38% amid a broader market pullback. On the futures open interest leaderboard tracked by CoinGlass, ASX grew open interest by 88.18% and AMKR by 62.08% over a recent four-hour window, both ranking among the top global gainers.
Products & Trading
Gate GUSD crossed 230 million in total staked assets this week. Backed by U.S. Treasury RWAs and yield-generating stablecoins, GUSD offers a 3.8% minting APR. Gate introduced a Fast, Fee-Free Redemption feature on July 17, allowing users who minted GUSD with USDT, USDC, or USD1 to redeem 1:1 instantly within their eligible quota with zero fees.
Gate ETF added six new leveraged token pairs — TSM3L/3S, EWY3L/3S, and DRAM3L/3S — on July 17, bringing its total to 370 leveraged products. A trading challenge runs until July 26 with a 50,000 USDT prize pool for participants trading the new pairs.
The Convert feature also got its own promotional push: a New Users Campaign (July 16–23) offering up to 502 XRP per user, running alongside Convert Scratch & Win Phase 7, which gives traders scratch card chances based on trading volume with prizes up to 888 USDT in cash.
Web3 & Multi-Chain
Gate DEX integrated Robinhood Chain this week, becoming one of the first major exchange gateways to support the new network. The integration spans asset discovery, wallet management, onchain trading, cross-chain swaps via Across and LayerZero, and DApp interactions. Gate Alpha simultaneously launched a dedicated Robinhood Chain trading competition with a $30,000 airdrop pool, open to users generating at least $1,000 in trading volume across Robinhood Chain tokens. Gate Alpha now supports 15 public blockchains in total.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
