# Gate.io Group

Gate.io Group is a global cryptocurrency exchange, venture firm and blockchain platform established in 2013. According to Bloomberg it is ranked in the top-20 most worldwide for the trading volume. Since February 2025, it is the sponsor of Red Bull Racing, Formula One racing team. In 2020, it conducted an audit of its reserves, becoming the first crypto exchange to do so.
In October 2022, Gate.io Group and the City of Busan starterted setting up and managing the Busan Digital Asset Exchange.
In 2022, Crypto.com mistakenly sent $416 million in Ethereum to Gate.io, which confirmed returning the full amount.
In August 2024, Gate.io Group's arm Gate Ventures co-founded Falcon Gate Ventures, a $100 million blockchain investment fund launched in August in Abu Dhabi.

## History
### 2013-2021

Gate was founded by Dr. Lin 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.io moved its operation out of the country, progressively serving the global market. Gate.io 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. Gate.io 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. The venture capital arm of Gate.io Group, GATE Ventures, was also established in September 2021. It launched a fund worth $100 million to support projects in the industry. GATE Ventures later launched another fund worth $200 million to support more alternative layer 1 and layer 2 protocols in November 2022.

### 2022-2024

In October 2022, Gate.io and the City of Busan starterted setting up and managing the Busan Digital Asset Exchange. Gate.io also pledged $100 million via the GATE SAFU Fund that aims to support the crypto industry in December 2022. GATE Group has partnered with Visa to launch a crypto card available to selected countries in the European Economic Area in March 2023. In 2023 Gate.io 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.

## Legal Status

In Europe, GATE Group has secured licenses and registrations in Malta (Class 4 Virtual Financial Assets (VFA) Licence to carry out Virtual Asset Exchange and Custodian Services), Lithuania, Italy, United Arab Emirates, Turkey, Hong Kong (GATE.HK was officially launched in May 2023).

## Products

Gate.io Group owns a centralized cryptocurrency exchange with various digital asset products and services, including spot and margin trading, perpetual futures, options and NFTs. As of May 2023, Gate.io's total exchange assets were $1.88 billion according to Bloomberg.
Apart from financial services, Gate.io Group own 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, and GameFi Center. In August 2019, Gate.io Group launched its trading token GATEToken (GT) on its GATEChain mainnet. In connection with this, the Whitepaper of its blockchain protocol, HipoSwap, was also released on 14 September 2020.