GATE.io

GATE.io is a global cryptocurrency exchange and blockchain platform established in 2013. According to Bloomberg and Reuters it is ranked among the top most worldwide for the trading volume.

As of May 2023, GATE.io's total exchange assets were $1.88 billion according to Bloomberg.

History
GATE.io was founded by Lin Han in April 2013 in China. In 2019, the livestream platform, GATE.io Live, the GATE SAFU fund and were launched.

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.

GATE.io passed the Trusted Volume Test by Coin Metrics in July 2020. 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. Gate Ventures later launched another fund worth $200 million in November 2022.

In October 2022, GATE.io and the City of Busan started setting up and managing the Busan Digital Asset Exchange. In March 2023, GATE.io has partnered with Visa to launch a crypto card for the European Economic Area countries.

In 2023 GATE.io partnered with Coinfirm, a platform for real-time anti-money laundering (AML) and combating the financing of terrorism (CFT). In February 2023, according to India Today, Gate Group, the parent company of Gate.io, applied for a new cryptocurrency license in Hong Kong, aiming to launch 'Gate HK' for the local market.

Incidents
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". Also, in 2022 Gate.io experienced net outflows over $140 million amidst the speculations on it liqudity health.

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. Gate.io started returning the funds once it recognized the transfer a mistake.

In May 2023, Gate.io publicly refuted rumors of financial instability amidst social media speculation.

In January 2024, Google pulled out GATE.io's app with Binance and eight other major crypto exchanges because of Indian anti-crypto legislature.

Review
Business Insider gave the exchange a rating of 3.71 out of 5. Meanwhile, The Motley Fool described the exchange as fitting for experienced traders, while also highlighting its high deposit fees as a drawback. Fortune India names Gate exchange among top-8 worldwide, amongst Binance, Huobi, and others. AlJazeera named GATE.io among the top-7 most popular crypto-exchanges globally.

Overview
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.

GATE.io has its own GateChain, a decentralized ecosystem for digital assets. In August 2019, GATE.io launched its trading token called GateToken (GT).

In 2021, GateChain mainnet announced that it officially supports Ethereum Virtual Machine (EVM). In November 2022, Gate.io launched its crypto-based payment service called Gate Pay.