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Gate Group (platform)

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Gate
Company typePrivate
IndustryCryptocurrency
FoundedApril 2013; 12 years ago (April 2013)
FoundersDr. Han
Area served
Global
ProductsCryptocurrency exchange, cryptocurrencies
Websitehttps://www.gate.com

Gate Group is a global cryptocurrency exchange and blockchain platform established in 2013. According to Bloomberg it is ranked among the top-20 most worldwide for the trading volume.[1][2][3][4]

History

[edit]

2013

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Gate was founded by Dr. Han in April 2013 under the name Bter.com. Due to the cryptocurrency restriction imposed by the regulators of China starting from September 2017, Gate moved its operation out of the country, progressively serving the global market.[5][6][7]

2019–2021

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The livestream platform, Gate Live, was launched in 2019. It allowed Gate to have real-time interaction with its users. Users can comment, send queries and participate in the live activities hosted on Gate Live. Its split-screen function also allows users to trade while they are watching the sessions.[8]

In 2019, it launched the Gate SAFU fund, which acts as a safety net and insurance fund for user assets.[9]

Gate released its Proof of Reserves in 2020, a technical proof around providing users with a method to check their collateral, including their total assets on the platform. It is a combination of a mathematical algorithm and a financial audit built on a hack-proof algorithm.[10][11]

Gate passed the Trusted Volume Test by Coin Metrics in July 2020, whereby aspects of the test range include volume correlation, web traffic analytics and qualitative features.[12]

Subsequently in August 2020, Gate also received the top position based on cybersecurity score from CER.live, a cybersecurity ranking and certification platform who verifies the balances and liabilities of crypto exchanges worldwide.[13]

The venture capital arm of Gate, Gate Ventures, was also established in September 2021. GATE Ventures focuses on early stage investments of decentralized infrastructure, ecosystem and applications, as well as providing financing, operational resources and industry expertise. In its initial stages, Gate Ventures launched a fund worth $100 million to support projects in the industry.[14]

Gate Ventures later launched another fund worth $200 million to support more alternative layer 1 and layer 2 protocols in November 2022.[15]

In January 2021, Gate launched its startup accelerator, Gate Labs, with the goal of supporting entrepreneurs with industry support, best practices and resources.[16]

2022–2023

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Gate had been the second-largest crypto exchange by trading volume in April 2022.[17] In the same year, Gate.io launched GATE Learn, a platform for learning in the field of cryptocurrency investments.[18][19]

In October 2022, Gate and the City of Busan started setting up and managing the Busan Digital Asset Exchange.[20]

Gate also pledged $100 million via the Gate SAFU Fund that aims to support the crypto industry in December 2022.[21][22]

GATE Group has partnered with Visa to launch a crypto card available to selected countries in the European Economic Area in March 2023.[23]

In 2023 Gate partnered with Coinfirm, a platform for real-time anti-money laundering (AML) and combating the financing of terrorism (CFT) risk management for digital assets and cryptocurrencies.[24][25]

2024–2025

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In August 2024, Gate sponsored Coinfest Asia 2024, hosting the official Coinfest party on August 22. Two days later, on August 24, Gate became the official sleeve sponsor of FC Internazionale Milano. On August 28, Gate participated in WebX2024 in Tokyo and hosted the Web3 Vision VCxIP Summit, marking the event by illuminating Tokyo Tower in its branded colors.

In December 2024, Gate Group completed the acquisition of Japan-licensed exchange Coin Master to launch a compliant digital asset trading platform in Japan.[26][27]

On September 18, 2024, during the TOKEN2049 event in Singapore, Gate hosted the "Gateway to Championships" event and held a partnership signing ceremony with Inter.[28][29] On October 22, 2024, Gate sponsored the Dubai Blockchain Life 2024 conference.[30][31] On November 18, 2024, Gate officially launched its over-the-counter trading platform, Gate OTC Malta.[32]

In February 2025, Gate became an official sponsor of Oracle Red Bull Racing in Formula 1[33][34] and sponsored the Consensus conference and served as the exclusive power behind the Token of Love Hong Kong Music Festival.[35][36]

As of May 8, 2025, Gate's total value of reserves stood at $10.865 billion, with a total reserve ratio of 128.57% and an excess reserve of $2.415 billion.[37][38] Partnering with U.S. auditing firm Armanino LLP, Gate regularly discloses reserves using an open-source Merkle Tree services, allowing users to verify their assets at any time.[39]

[edit]

Gate is a globally recognized cryptocurrency exchange and virtual asset service provider, which is one of the exchanges under Gate Group. The Gate Group restricts its services in certain geographic locations, and has successfully obtained the following licenses and approvals to offer a wide range of services tailored to different markets.

Europe

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In Europe, Gate Group has secured licenses and registrations in various countries. This includes Class 4 Virtual Financial Assets (VFA) Licence to carry out Virtual Asset Exchange and Custodian Services in Malta,[40][41] registrations as a Virtual Assets Service Provider (VASP) in Lithuania[42] and Italy, and the registration of charity in Gibraltar.[43]

Gate obtained a crypto services license in Lithuania in September 2022.[44]

Middle East

[edit]

Expanding its presence to the Middle East, Gate Group has obtained a license from the Dubai Multi Commodities Centre (DMCC) to carry out proprietary trading in crypto-commodities in the United Arab Emirates (UAE).[45] Additionally, in November 2022, Gate Group launched Gate Turkey to serve the Turkish market and meeting the needs of crypto traders in the country.[46]

In April 2025, Gate Technology FZE ("Gate Dubai"), a part of Gate Group, secured a full operational license from the Virtual Assets Regulatory Authority (VARA) in Dubai.[47]

Asia

[edit]

In Hong Kong, Hippo Financial Services Limited of Gate Group acquired the Trust & Company Service Provider (TCSP) License in 2022.[48][49][50][51]

America

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Gate Global UAB is registered as a VASP in Argentina to provide cryptocurrency exchange and wallet services. In January 2024, Gate Group entities received approval from the Securities Commission of The Bahamas to operate as digital asset businesses, allowing them to exchange digital assets with fiat currencies and offer various digital asset exchange and transfer services.[52]

Products

[edit]

Gate is a centralized cryptocurrency exchange with various digital asset products and services, including spot and margin trading, perpetual futures, options and NFTs.

Trading

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Gate has spot trading, margin trading, push payments and convert function between different cryptocurrencies, as well as perpetual and delivery futures, options and CBBCs. Users who are new to the cryptocurrency market can also use the copy trading function to automatically replicate the trading strategies of seasoned traders.[53]

Products and services

[edit]

Apart from financial services, Gate offers GateChain, a decentralized ecosystem for storing, issuing, and trading digital assets, as well as Gate Ventures, Gate Grants, Gate Labs, Gate NFT, Wallet S2, MiniApp platform, Gate Alpha, Gate Life, Gate Learn & Research, Gate Post, Gate Live, Gate Charity and GameFi Center. In August 2019, Gate launched its trading token GateToken (GT) on its GateChain mainnet.[54][55] In connection with this, the Whitepaper of its blockchain protocol, HipoSwap, was also released on 14 September 2020.[56] A little later in 2021, GateChain mainnet announced that it officially supports Ethereum Virtual Machine (EVM).[57]

GateToken (GT)

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GateToken (GT), the native token to its public chain GateChain was launched in 2019. It can be used to pay the gas fees for transactions that take place on the network.[58][59][60] A total of over 178 million tokens have been burned to date. As of January 25, 2025, the price of GT reached $25.96.[61][62]

Web3 ecosystem

[edit]

Under the Web3 ecosystem, Gate has a spot market DEX, a multi-chain router for token swapping, staking and earning aggregator, NFT marketplace and Gate Wallet. Gate Wallet is a multi-chain aggregation and non-custodial decentralized wallet for users to manage assets on different chains.[63][64]

In November 2022, Gate launched its crypto-based payment solution, Gate Pay. Gate Pay allows users to make purchases using cryptocurrencies securely, further driving crypto and Web 3.0 adoption to the public.[65][66]

References

[edit]
  1. ^ "Crypto Exchange Gate.io Rejects Rumors That Sank Related Token". Bloomberg.com. 31 May 2023. Retrieved 24 February 2025.
  2. ^ Newbery, Emma (10 March 2022). "Gate.io Review: Pros, Cons, and More | The Motley Fool". www.fool.com. Retrieved 24 February 2025.
  3. ^ "Best Crypto Apps & Exchanges Of June 2023 – Forbes Advisor". www.forbes.com. Retrieved 24 February 2025.
  4. ^ "Crypto.com Recovers $400 Million After Misplaced Ether Transfer". Bloomberg.com. 13 November 2022. Retrieved 24 February 2025.
  5. ^ Joe, Kiwi (20 September 2022). Cryptocurrency Remote Viewed Book Seven: Your Guide to Identifying Tomorrow's Top Cryptocurrencies Today. Gerard O’Neill Books.
  6. ^ "Digital asset exchange Gate.io taps Coinfirm for AML/CFT platform". 13 February 2023.
  7. ^ Steves, Rick (7 February 2023). "Gate.io TAPS COINFIRM FOR AML/CFT COMPLIANCE AMID LICENSES IN THE US, EUROPE, HONG KONG".
  8. ^ Walker, Mark (27 October 2019). "Gate.io Launches In-App Live Streaming Service To Support Real-Time Interaction With Users". The Fintech Times. Retrieved 13 October 2023.
  9. ^ "Gate.io pledges USD 100 mln to support the crypto ecosystem". thepaypers.com. Retrieved 10 August 2023.
  10. ^ Finyear. "Gate.io Releases Proof Of 100% Collateral Transparency Of Users' Assets". Corporate Finance, DeFi, Blockchain News (in French). Retrieved 10 August 2023.
  11. ^ Andreou, Giannis (14 November 2022). THE BIBLE OF CRYPTOCURRENCY, WEB 3.0, NFTs & DeFi: The Ultimate Path For Blockchain, Cryptocurrencies, WEB 3.0, NFTs and DeFi, For Comprehensive Understanding. Giannis Andreou.
  12. ^ "Gate.io全项通过Coin Metrics交易量可信度测试". 世链财经 (in Chinese (China)). Retrieved 13 October 2023.
  13. ^ FATHI, ABDELAZIZ. "COINGECKO EXPANDS COLLABORATION WITH CER.LIVE SECURITY RATING". FinanceFeeds.
  14. ^ "Gate.io 承诺投入 1 亿美元重振加密货币，恢复投资者信心_基金_io_流动性". news.sohu.com. Retrieved 13 October 2023.
  15. ^ "Gate.io 啓動早期加密風投基金 GATE Ventures | Anue鉅亨 - 快訊". Anue鉅亨 (in Chinese (Taiwan)). 13 September 2021. Retrieved 13 October 2023.
  16. ^ Finyear. "Gate.io Launches a Startup Incubator to Support Early Stage Blockchain Projects". Corporate Finance, DeFi, Blockchain News (in French). Retrieved 13 October 2023.
  17. ^ "Gate.io Trade Volume, Trade Pairs & Trust Score". CoinGecko. Retrieved 10 August 2023.
  18. ^ "GATE Learn: Have you studied today? Grab up to $3000 Daily Check-in Bonus at GATE Learn Educational Campaign - Gate.io". CoinCarp. Retrieved 10 August 2023.
  19. ^ Desk, Fintech News (31 January 2023). "Gate.io Signs MoU with Korea University Blockchain Research Institute to Advance Blockchain". GlobalFinTechSeries. Retrieved 10 August 2023. {{cite web}}: |last= has generic name (help)
  20. ^ "Blockchain: Gate.io joins Binance, FTX crypto firms in helping Busan build its blockchain framework". EconoTimes. 28 October 2022. Retrieved 13 October 2023.
  21. ^ "Gate.io pledges USD 100 mln to support the crypto ecosystem". thepaypers.com. Retrieved 24 February 2025.
  22. ^ "Gate.io to apply for a licence in Hong Kong". thepaypers.com. Retrieved 24 February 2025.
  23. ^ "Gate.io LAUNCHES VISA-BACKED CRYPTO DEBIT CARD". 9 March 2023.
  24. ^ "Digital asset exchange Gate.io taps Coinfirm for AML/CFT platform".
  25. ^ "Gate.io TAPS COINFIRM FOR AML/CFT COMPLIANCE AMID LICENSES IN THE US, EUROPE, HONG KONG".
  26. ^ Bandhakavi, Swagath (26 December 2024). "Gate Group acquires Coin Master to enter Japanese market". Future Banking. Retrieved 21 May 2025.
  27. ^ PressRelease (19 May 2025). "Gate Introduces Brand New Domain Gate.com and Brand Logo, Advancing Toward the "Next-Generation Crypto Exchange"". Chainwire. Retrieved 21 May 2025.
  28. ^ Davidson, Alisa (12 September 2024). "Gate.io And AWS To Host 'Gateway To Championships' Event Featuring Key Figures From FC Internazionale Milano". Metaverse Post. Retrieved 21 May 2025.
  29. ^ "Gate.io and AWS host "Gateway to Championships" event with CL..." followin.io. Retrieved 21 May 2025.
  30. ^ Krasnova, Daria (18 November 2024). "Blockchain Life 2024 in Dubai: BeInCrypto Top Highlights". BeInCrypto. Retrieved 21 May 2025.
  31. ^ Corp, Gate Global. "Gate.io Sets New Standards for Exchange Transparency and Investment Strategies at Blockchain Life 2024". Newsfile. Retrieved 21 May 2025.
  32. ^ "Gate.io Releases OTC Block Trading Platform". Financial IT. Retrieved 21 May 2025.
  33. ^ Osten, Phillip van (10 February 2025). "Red Bull fills sponsorship void with new crypto partner Gate.io". F1i.com. Retrieved 21 May 2025.
  34. ^ Khandelwal, Aashay (11 February 2025). "Gate.io drives into F1 with Oracle Red Bull Racing alliance". SportsMint Media. Retrieved 21 May 2025.
  35. ^ "Gate.io Headlines the 'Token of Love' Festival During CoinDesk's Consensus 2024". Access Newswire. 20 February 2025. Retrieved 21 May 2025.
  36. ^ "Gate.io ignites community excitement with "Gateway to Championships" at TOKEN2049". PANews. 19 September 2024. Retrieved 21 May 2025.
  37. ^ Maiorov, Dmitriy (9 May 2025). "Gate.io Releases Latest Proof of Reserves Report: Total Reserves Reach $10.865 Billion, with $2.415 Billion in Excess Reserves". BeInCrypto. Retrieved 21 May 2025.
  38. ^ Nguyen, Vivian (9 May 2025). "Gate.io releases latest proof of reserves report: total reserves reach $10.865 billion, with $2.415 billion in excess reserves". Crypto Briefing. Retrieved 21 May 2025.
  39. ^ "Gate.io Receives BTC Reserves Assessment Audit from Armanino, Assures 100% Asset Safety". Finyear (in French). 25 May 2020. Retrieved 21 May 2025.
  40. ^ "Gate.io Group announced receiving the VFA Class 4 License in Malta". IBS Intelligence. Retrieved 13 October 2023.
  41. ^ "Gate.io Crypto Exchange Confirms its SFC Application". Financial and Business News | Finance Magnates. 11 April 2023. Retrieved 13 October 2023.
  42. ^ FATHI, ABDELAZIZ. "Gate.io GETS NOD TO LAUNCH CRYPTO SERVICE IN THE US". Finance Feeds.
  43. ^ "Clarifications on Gate.io's KYC Measures - 芝麻开门". CoinCarp (in Chinese). Retrieved 13 October 2023.
  44. ^ "Gate.io OBTAINS CRYPTO SERVICES LICENSE IN LITHUANIA".
  45. ^ Rick, Steves (25 August 2022). "Gate.io GROUP LAUNCHES DUBAI-LICENSED OTC CRYPTO BLOCK TRADING".
  46. ^ Oladipupo, Solomon (14 November 2022). "Gate.io Targets New Crypto Exchange GATETR at Turkey's Crypto Market".
  47. ^ Writer, Staff (30 April 2025). "Gate Group secures Dubai VARA license - Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More". www.arabianbusiness.com. Retrieved 21 May 2025.
  48. ^ by (15 August 2022). "Gate.io Group獲得香港TCSP牌照，將提供安全可靠的資產託管服務". 香港特許經營. Retrieved 13 October 2023.
  49. ^ "Gate.io Crypto Exchange Confirms its SFC Application". Financial and Business News | Finance Magnates. 11 April 2023. Retrieved 13 October 2023.
  50. ^ Devanesan, Johanan (6 June 2023). "10 Companies Vying for the Hong Kong Retail Crypto License". Fintech Hong Kong. Retrieved 13 October 2023.
  51. ^ 网易 (24 February 2023). "Gate.io 计划在香港拨款 640 万美元用于 Web 3 空间". www.163.com. Retrieved 13 October 2023.
  52. ^ "Register of Digital Asset Businesses as at 30 November 2024" (PDF). Securities Commission of The Bahamas. 1 December 2024. Retrieved 21 May 2025.
  53. ^ Team, B. P. M. (9 September 2021). "Best Bitcoin Copy Trading Platform 2021". Business Partner Magazine. Retrieved 13 October 2023.
  54. ^ "Crypto Exchange Gate.io Rejects Rumors That Sank Related Token". Bloomberg.com. 31 May 2023. Retrieved 24 February 2025.
  55. ^ sina_mobile (8 April 2019). "迟到一年 GATE发币". k.sina.cn. Retrieved 13 October 2023.
  56. ^ 网易 (20 April 2021). "Gate.io芝麻开门8周年：守正出新，开启全能交易时代". www.163.com. Retrieved 13 October 2023.
  57. ^ 宋 家雨, 发布于. "Gate.io芝麻开门EVM智能链上线 ，能否用生态优势杀出重围？". Doit.
  58. ^ "GATEToken USD (GT-USD) Cryptocurrency Profile & Facts - Yahoo Finance". finance.yahoo.com. Retrieved 13 October 2023.
  59. ^ "What is GATE Token (GT)? - Skrumble". 22 July 2023. Retrieved 13 October 2023.
  60. ^ Andreou, Giannis (14 November 2022). THE BIBLE OF CRYPTOCURRENCY, WEB 3.0, NFTs & DeFi: The Ultimate Path For Blockchain, Cryptocurrencies, WEB 3.0, NFTs and DeFi, For Comprehensive Understanding. Giannis Andreou.
  61. ^ "GateToken Price Today | GT USD Price Live Chart & Market Cap". DropsTab. 26 May 2025. Retrieved 21 May 2025.
  62. ^ "GateToken Price USD, GT Price Live Charts, Market Cap & News". Bitget. Retrieved 21 May 2025.
  63. ^ "GATE Wallet". chrome.google.com. Retrieved 13 October 2023.
  64. ^ "GATE Web3 Wallet Adds Support for Base, Sui, Sei, BRC-20, and More". Yahoo Finance. 5 September 2023. Retrieved 13 October 2023.
  65. ^ Writer, Verdict Staff (7 November 2022). "Crypto exchange Gate.io unveils new payment product". Electronic Payments International. Retrieved 13 October 2023.
  66. ^ "Gate.io Launches its Crypto Payment Product, GATE Pay". ffnews.com. Retrieved 13 October 2023.
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