Gate Launches in the US: Crypto’s New Plaything? 💸✨

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Ah, the ever-charming Gate—launching in the United States, offering spot trading services to US customers for the first time. Founded in 2013 by a Chinese scientist named Lin Han, the company claims improved regulatory clarity in the country is the reason behind this move. How *daring* of them! 🎩✨

According to Gate, it will initially offer crypto trading pairs for US customers, with upcoming services for fiat on- and off-ramps and support for custodial wallets. One can only imagine the thrill of converting dollars into digital dust. 🧙♂️💸

As of July 24, the exchange offered over 3,800 trading pairs on its platform, one of the largest asset varieties in the market. A veritable treasure trove of options, if you’re into that sort of thing. 🗝️

“As a strategic hub in the global crypto landscape, the United States has long held a significant position in areas such as digital finance regulation, technological innovation, and capital market development, attracting major crypto platforms from around the world,” the company said in a statement. How *poetic*! 🎭

The move comes as crypto exchanges are reentering the United States amid increased regulatory clarity. After President Trump promised to make the US “the world capital of crypto,” lawmakers have introduced bills aimed at establishing a regulatory framework for digital assets, including the GENIUS Act and the CLARITY Act. Because nothing says “trust us” like a name like “CLARITY Act.” 🤡

More crypto exchanges enter the United States

Crypto exchange OKX reentered the market in April 2025 following a $505 million settlement with the US Department of Justice. The company is reportedly considering an initial public offering in the country. Because nothing says “we’re trustworthy” like going public. 📈🚀

Binance.US, was also rumored to restart services to customers. According to Chainalysis, the United States’ crypto markets stand out globally by a wide margin. Between July 2023 and June 2024, the country received over $750 billion in crypto value, dwarfing other top countries like the United Kingdom and Russia. A true titan of the digital age. 🦁

According to Security.org, 28% of American adults, or around 65 million people, owned crypto in 2025, and 14% of Americans who don’t own crypto plan to buy some in 2025, while 67% of current holders plan more purchases. Bitcoin (BTC) is the most commonly owned cryptocurrency, followed by Ether (ETH). Because everyone needs a backup plan. 🧠

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2025-08-01 20:22