Company type | Private |
---|---|
Industry | Cryptocurrency |
Founded | April 2013 |
Founders | Lin Han |
Area served | worldwide |
Products | Cryptocurrency exchange, cryptocurrencies |
Subsidiaries | GATE.hk (Hong Kong) |
Website | https://www.gate.io |
GATE.io is a global cryptocurrency exchange and blockchain platform established in 2013. [1] According to Bloomberg and Reuters it is ranked among the top most worldwide for the trading volume. [2] [3] [4] [5]
As of May 2023, GATE.io's total exchange assets were $1.88 billion according to Bloomberg. [6] [7]
GATE.io was founded by Lin Han in April 2013 in China. [8] [9] [10] In 2019, the livestream platform, GATE.io Live, [11] the GATE SAFU fund and were launched. [12] [5]
In 2020, GATE.io released its Proof-of-Reserves, a technical method for users to check their collateral, including their total assets on the platform. [13]
GATE.io passed the Trusted Volume Test by Coin Metrics in July 2020. [14] In September 2021, the venture capital arm of GATE.io, Gate Ventures, was established. In its initial stages, Gate Ventures launched a fund worth $100 million. [15] Gate Ventures later launched another fund worth $200 million in November 2022. [16]
In October 2022, GATE.io and the City of Busan started setting up and managing the Busan Digital Asset Exchange. [17] In March 2023, GATE.io has partnered with Visa to launch a crypto card for the European Economic Area countries. [18]
In 2023 GATE.io partnered with Coinfirm, a platform for real-time anti-money laundering (AML) and combating the financing of terrorism (CFT). [19] [20] In February 2023, according to India Today, Gate Group, the parent company of Gate.io, applied for a new cryptocurrency license in Hong Kong, [21] aiming to launch 'Gate HK' for the local market. [22]
In 2022, Okaz, Saudi Arabian daily newspaper and state-owned Al Arabiya reported that hackers compromised exchange's official Twitter account, redirecting over a million users to a fraudulent website through a scam Tether (USDT) giveaway and changed a website address to: "gąte.com". [23] [24] Also, in 2022 Gate.io experienced net outflows over $140 million amidst the speculations on it liqudity health. [25]
In October 2022, Crypto.com accidentally sent about 80% of its ethereal capital (about 400 million dollars) to Gate.io. The company recognized the mistake only after it was exposed. [26] [27] Gate.io started returning the funds once it recognized the transfer a mistake. [28]
In May 2023, Gate.io publicly refuted rumors of financial instability amidst social media speculation. [29]
In January 2024, Google pulled out GATE.io's app with Binance and eight other major crypto exchanges because of Indian anti-crypto legislature. [30]
Business Insider gave the exchange a rating of 3.71 out of 5. [31] Meanwhile, The Motley Fool described the exchange as fitting for experienced traders, while also highlighting its high deposit fees as a drawback. [32] Fortune India names Gate exchange among top-8 worldwide, amongst Binance, Huobi, and others. [33] AlJazeera named GATE.io among the top-7 most popular crypto-exchanges globally. [5]
The company expanded in the Middle East by acquiring a Dubai Multi Commodities Center license for crypto trading in the UAE and launching the "Turkey Portal" for cryptocurrency traders in Turkey. [5]
GATE.io has its own GateChain, a decentralized ecosystem for digital assets. In August 2019, GATE.io launched its trading token called GateToken (GT). [34] [35] [36] [37]
In 2021, GateChain mainnet announced that it officially supports Ethereum Virtual Machine (EVM). [38] In November 2022, Gate.io launched its crypto-based payment service called Gate Pay. [39] [40]
Company type | Private |
---|---|
Industry | Cryptocurrency |
Founded | April 2013 |
Founders | Lin Han |
Area served | worldwide |
Products | Cryptocurrency exchange, cryptocurrencies |
Subsidiaries | GATE.hk (Hong Kong) |
Website | https://www.gate.io |
GATE.io is a global cryptocurrency exchange and blockchain platform established in 2013. [1] According to Bloomberg and Reuters it is ranked among the top most worldwide for the trading volume. [2] [3] [4] [5]
As of May 2023, GATE.io's total exchange assets were $1.88 billion according to Bloomberg. [6] [7]
GATE.io was founded by Lin Han in April 2013 in China. [8] [9] [10] In 2019, the livestream platform, GATE.io Live, [11] the GATE SAFU fund and were launched. [12] [5]
In 2020, GATE.io released its Proof-of-Reserves, a technical method for users to check their collateral, including their total assets on the platform. [13]
GATE.io passed the Trusted Volume Test by Coin Metrics in July 2020. [14] In September 2021, the venture capital arm of GATE.io, Gate Ventures, was established. In its initial stages, Gate Ventures launched a fund worth $100 million. [15] Gate Ventures later launched another fund worth $200 million in November 2022. [16]
In October 2022, GATE.io and the City of Busan started setting up and managing the Busan Digital Asset Exchange. [17] In March 2023, GATE.io has partnered with Visa to launch a crypto card for the European Economic Area countries. [18]
In 2023 GATE.io partnered with Coinfirm, a platform for real-time anti-money laundering (AML) and combating the financing of terrorism (CFT). [19] [20] In February 2023, according to India Today, Gate Group, the parent company of Gate.io, applied for a new cryptocurrency license in Hong Kong, [21] aiming to launch 'Gate HK' for the local market. [22]
In 2022, Okaz, Saudi Arabian daily newspaper and state-owned Al Arabiya reported that hackers compromised exchange's official Twitter account, redirecting over a million users to a fraudulent website through a scam Tether (USDT) giveaway and changed a website address to: "gąte.com". [23] [24] Also, in 2022 Gate.io experienced net outflows over $140 million amidst the speculations on it liqudity health. [25]
In October 2022, Crypto.com accidentally sent about 80% of its ethereal capital (about 400 million dollars) to Gate.io. The company recognized the mistake only after it was exposed. [26] [27] Gate.io started returning the funds once it recognized the transfer a mistake. [28]
In May 2023, Gate.io publicly refuted rumors of financial instability amidst social media speculation. [29]
In January 2024, Google pulled out GATE.io's app with Binance and eight other major crypto exchanges because of Indian anti-crypto legislature. [30]
Business Insider gave the exchange a rating of 3.71 out of 5. [31] Meanwhile, The Motley Fool described the exchange as fitting for experienced traders, while also highlighting its high deposit fees as a drawback. [32] Fortune India names Gate exchange among top-8 worldwide, amongst Binance, Huobi, and others. [33] AlJazeera named GATE.io among the top-7 most popular crypto-exchanges globally. [5]
The company expanded in the Middle East by acquiring a Dubai Multi Commodities Center license for crypto trading in the UAE and launching the "Turkey Portal" for cryptocurrency traders in Turkey. [5]
GATE.io has its own GateChain, a decentralized ecosystem for digital assets. In August 2019, GATE.io launched its trading token called GateToken (GT). [34] [35] [36] [37]
In 2021, GateChain mainnet announced that it officially supports Ethereum Virtual Machine (EVM). [38] In November 2022, Gate.io launched its crypto-based payment service called Gate Pay. [39] [40]