Gate.HK's Strategic Shift in Response to Upcoming Regulatory Changes

Friday, 24 May 2024, 12:07
Gate.HK ends operations, delists major tokens, and withdraws its license application in preparation for new licensing requirements. The company aims to realign its business direction amidst regulatory uncertainties in the crypto market, while exploring other regulatory license possibilities.
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Gate.HK's Strategic Shift in Response to Upcoming Regulatory Changes

Gate.HK Ceases Operations and Delists Major Tokens

Gate.HK ends operations, withdraws its license application, and plans to delist major tokens by May 2024, with trading ceasing by August.

Strategic Realignment Ahead of New Licensing Requirements

The platform will allow asset withdrawals until August 28, 2024, as a response to upcoming regulatory changes.

  • Gate.HK ceases accepting new user registrations and asset deposits
  • Plans to delist major tokens like Bitcoin, Ethereum, and Tether by May 28, 2024

Gate.HK CEO Kevin Lee: 'We are exploring other regulatory licenses to adapt to the evolving market requirements.'

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