Gate.MT Rebrands to Gate.io, Which Reports $3.8 Trillion Trading Volume in 2024
Gate Technology Ltd, formerly known as Gate.MT, has
officially rebranded to Gate.io. This change is intended to strengthen the
company’s presence in Europe and align its operations with the globally
recognized Gate.io brand.
In 2024, Gate.io
reported a trading volume of $3.8 trillion, a 120% increase from the
previous year. The platform’s spot trading reached $1.8 trillion, while
contract trading hit $2 trillion. Gate.io’s user base exceeded 20 million.
The company also added 873 new tokens, including 437
exclusive listings. Its reserve funds amounted to $9.566 billion, with a
reserve ratio of 123.91%. Excess reserves grew by 68.89% to $1.846 billion. The
platform’s native token, GT, saw a nearly 300% growth, reaching an all-time
high of $18.667 on January 9, 2025.
Gate.io Continues Operations in Malta, Italy
Gate Technology Ltd has been operating in Europe since 2022
with a VFA Class 4 license from the Malta Financial Services Authority. In
Italy, it operates through a subsidiary registered as a Virtual Asset Service
Provider with the Organismo Agenti e Mediatori in 2024. Both entities will
continue serving clients under the Gate.io name.
Gate.io Focuses on Regulatory Compliance
According to the firm, the rebranding is part of a strategy
to improve services for European clients, focusing on “security,
user-friendliness, and regulatory compliance”. The company plans to expand
its regulated operations across Europe and will announce further details in the
coming months.
CEO Giovanni Cunti acknowledged the support of clients and
reaffirmed the company’s focus on maintaining its direction in the European
cryptocurrency market.
Gate Technology Ltd rebrands to https://t.co/ak0BKHyx5C in Europe 🚀Strengthening its presence and global identity, the company continues expanding regulated operations and secure crypto services.Read more👇https://t.co/VUubUH6JBn
— BeInCrypto (@beincrypto) March 27, 2025
Gate.io Acquires Coin Master, Rebrands to Gate Japan
Recently, Gate.io and the Financial Services Agency of Japan
(FSA) confirmed that Gate
Group has acquired all shares of Coin Master Co., Ltd, a Japanese
cryptocurrency service provider. The acquisition was carried out through Gate
Japan K.K., a Singaporean entity within the Gate Group. Coin Master Co., Ltd
will operate under the Gate Japan K.K. name.
As reported by Finance
Magnates, this acquisition followed Gate.io’s earlier decision, announced
on July 22, 2024, to stop opening new accounts for Japanese users and gradually
reduce its global services in Japan to comply with local regulations.
This article was written by Tareq Sikder at www.financemagnates.com.