Gate exchange has officially launched spot trading services targeted at the United States market. This move aligns with enhanced regulatory clarity surrounding digital assets and leverages the country’s position as the leading hub for global cryptocurrency trading activity.
Market data underscores the significance of the US market, with over $750 billion in crypto traded domestically between July 2023 and June 2024. Approximately 28% of American adults currently own cryptocurrency, highlighting substantial market penetration.
Gate, offering one of the largest selections globally with over 3,800 trading pairs including major assets like Bitcoin (BTC) and Ether (ETH), recorded $6.8 billion in spot trading volume across its platform.
The expansion follows ongoing legislative efforts to create clear frameworks for digital assets, including initiatives like the GENIUS Act and the CLARITY Act. This regulatory progress encourages major exchanges, including Gate, OKX, and Binance.US, to significantly grow their presence and enhance compliance within the US market.
Consumer interest in cryptocurrencies shows continued growth. Data suggests 14% of US adults who don’t currently own any cryptocurrency plan to make a purchase within the year, driven by increased awareness and favorable market conditions.