Crypto exchange Gate is launching its spot trading services in the U.S., marking the company’s entry into region, as per an official press release. The new venture is called Gate US.
“The launch of Gate US marks a significant milestone in our global compliance and localized service strategy. We firmly believe the future of the crypto industry lies in deep integration with local markets. Gate Group remains committed to building a trusted global crypto service network—driven by technology and centered on the user,” said Founder and CEO Dr Han.
The U.S. market gives the company a foothold in a region that is fast-growing in digital assets adoption, having recently passed the Genius Act for stablecoins into law. The U.S. platform will be offering a large range of crypto assets via trading crypto-to-crypto trading pairs.
Gate to continue expanding operations in the U.S.
The statement by the company says it will continue to invest in its U.S. operations by broadening support for customers and creating partnerships with fintech firms and regulatory bodies.
The update comes at a time when U.S. authorities are encouraging a more open attitude towards digital assets, spurring more cryptocurrency firms to enter the market, accompanied by IPOs from companies such as stablecoin issuer Circle.