Crypto exchange Gate launches spot trading services in the US
Main Idea
Crypto exchange Gate is launching spot trading services in the US, citing improved regulatory clarity, as other exchanges like OKX and Binance.US also expand their presence in the growing US crypto market.
Key Points
1. Gate, founded in 2013 by Chinese scientist Lin Han, is entering the US market with spot trading services due to increased regulatory clarity.
2. Gate reported a 24-hour spot trading volume of $6.8 billion and offers over 3,800 trading pairs.
3. OKX reentered the US market in April 2025 after a $505 million settlement with the US Department of Justice and is considering an IPO.
4. The US crypto market received over $750 billion in value between July 2023 and June 2024, significantly more than other top countries.
5. 28% of American adults (about 65 million people) owned crypto in 2025, with Bitcoin being the most commonly held cryptocurrency.
Description
Gate enters the US market with spot trading as regulatory landscape shows signs of progress.
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