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Gate Group (platform)
International, multi-language cryptocurrency exchange From Wikipedia, the free encyclopedia
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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]
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History
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2013
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
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
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
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]
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Legal Status
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Various Gate entities have obtained or completed regulatory registrations, licences, authorizations, or approvals across various jurisdictions, such as Lithuania, Argentina, Malta, Italy, Gibraltar, Bahamas, and Hong Kong.[40]
Europe
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,[41][42] registrations as a Virtual Assets Service Provider (VASP) in Lithuania[43] and Italy, and the registration of charity in Gibraltar.[44]
Gate obtained a crypto services license in Lithuania in September 2022.[45]
Middle East
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).[46] Additionally, in November 2022, Gate Group launched Gate Turkey to serve the Turkish market and meeting the needs of crypto traders in the country.[47]
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.[48]
Asia
In Hong Kong, Hippo Financial Services Limited of Gate Group acquired the Trust & Company Service Provider (TCSP) License in 2022.[49][50][51][52]
In 2024, Gate Group also completed the acquisition of Japan-licensed exchange Coin Master.[53]
America
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.[54]
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Products
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Gate is a centralized cryptocurrency exchange with various digital asset products and services, including spot and margin trading, perpetual futures, options and NFTs.
Trading
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.[55]
Products and services
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.[56][57] In connection with this, the Whitepaper of its blockchain protocol, HipoSwap, was also released on 14 September 2020.[58] A little later in 2021, GateChain mainnet announced that it officially supports Ethereum Virtual Machine (EVM).[59]
GateToken (GT)
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.[60][61][62] A total of over 178 million tokens have been burned to date. As of January 25, 2025, the price of GT reached $25.96.[63][64]
Web3 ecosystem
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.[65][66]
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.[67][68]
Gate Layer
Gate Layer is Gate's self-developed high-performance Layer 2 network, marking a comprehensive upgrade in the platform's infrastructure and GT ecosystem development. Built on the mainstream OP Stack, Gate Layer is fully compatible with the Ethereum Virtual Machine (EVM) and secured by GateChain as the settlement layer. It also integrates the GT staking mechanism to further enhance network stability and security. With over 5,700 transactions per second, 1-second block generation, and ultra-low transaction costs, Gate Layer delivers high-performance, low-cost on-chain services for both users and developers. Through LayerZero-powered cross-chain interoperability, it enables seamless asset circulation across ecosystems.[69]
Gate Perp DEX
Gate Perp DEX is a high-performance decentralized perpetual trading platform built on the self-developed Gate Layer. It is equipped with a built-in matching engine that supports high concurrency and low-latency execution. Users can open positions simply by connecting their wallets, achieving a true "connect-to-trade" experience. The platform is compatible with multiple blockchains including Solana, Ethereum, BSC, and Base, with cross-chain communication powered by LayerZero. Currently, the platform supports 447 markets, offering cross/isolated margin, bi-directional/one-way positions, and a variety of order types. Leverage is available up to 125x in BTC and ETH markets. With its order book model optimizing spreads and depth, Gate Perp DEX delivers a near-CEX professional trading experience. Assets are secured through on-chain ledgers and audited smart contracts, ensuring both safety and transparency.[70]
Gate Fun
Gate Fun is an on-chain Meme token creation platform built on Gate Layer, focusing on "no-code token creation + all-scenario trading." It provides a complete ecosystem for Web3 creators and investors, lowering the entry barrier for token creation from token issuance to circulation. Users can launch tokens in under one minute without coding, with customizable names, symbols, and initial purchase settings. Gate Fun ensures transparent and compliant fund flows via smart contracts. The platform features an "auto-graduation" mechanism: once a token launch process reaches 100% (around 1000 GT), liquidity is automatically migrated to Gate Swap, with creators rewarded 50 GT plus long-term trading fee sharing. This model lowers the entry barrier for token creators while opening new ways for users to engage with tokenized economies. Tokens issued via Gate Fun can be traded across Gate Alpha, Gate Web3, Meme Go, and Swap, enabling seamless integration between internal and external markets.[71]
Gate Meme Go
Meme Go is Gate's cross-chain meme token trading and monitoring platform. Built on Gate Layer, Meme Go is rapidly becoming a key entry point for Web3 users to track trending assets and execute intelligent trades. Meme Go aggregates multi-dimensional data sources, supporting multiple discovery channels such as trending, new listings, and signal rankings. By integrating AI-driven algorithms, it enables users to quickly identify high-potential tokens. On the trading side, the platform features professional-grade candlestick charts and modular dashboards tailored for on-chain activities, achieving seamless linkage between monitoring and execution. In addition, Meme Go offers real-time "smart money" tracking, capturing fund flows and position changes instantly. This allows users to build personalized investment tracking systems powered by on-chain insights. With an optimized trading engine and slippage protection mechanism, users can execute on-chain transactions within milliseconds for a faster and more stable experience.[72]
GUSD
GUSD is Gate's new yield certificate GUSD. Backed by U.S. Treasury bonds and other Real World Assets (RWA), GUSD offers users a low-risk, stable-yield investment channel. As a bridge connecting traditional finance with the digital asset world, Gate will leverage GUSD to bring the benefits of blockchain technology to real-world assets, offering users more diverse wealth management choices.[73][74]
Gate US
Gate Group has officially launched its US-based trading platform, Gate US, offering cryptocurrency spot trading services across 30 US states. The platform supports crypto-to-crypto trading, with plans to gradually introduce fiat on/off ramps, custodial wallets, and local payment integrations.[75][76][77]
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References
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