Gate.io is a prominent centralized cryptocurrency exchange offering a diverse range of trading options for users. The platform boasts support for over 1400 cryptocurrencies, featuring more than 2500 trading pairs. With a substantial daily trading volume exceeding $12 billion, Gate.io has secured a leading position in the market, facilitating spot and margin trading, as well as branching into options, futures, and derivatives.
Foundation and Leadership
Established in 2013 under the name Bter.com, Gate.io was founded by Lin Han, the current CEO. Lin Han, holding a Bachelor's degree in Computer Software Engineering and a Master's degree in Mathematics and Computer Science, envisioned a secure trading platform for Bitcoin enthusiasts. The exchange underwent a transformation in the fall of 2017 when Gate Technology Inc. assumed control and rebranded it as Gate.io.
Geographical Presence
Gate.io, originating in China, is presently headquartered in the Cayman Islands. While the platform caters to a global user base, it operates under certain restrictions. Notably, residents of specific countries such as Cuba, Sudan, Syria, Iran, North Korea, Venezuela, Pakistan, and Crimea are barred from accessing its services. Additionally, certain features may be limited for users in the US (Washington, New York) and Canada.
Supported Cryptocurrencies
Gate.io provides a comprehensive selection of cryptocurrencies, encompassing the top 20 coins by market capitalization. This extensive range ensures users have access to a diverse array of trading options within the platform.
Fee Structure
The fee structure on Gate.io is competitive, featuring no deposit fees and varying withdrawal fees depending on the cryptocurrency. The trading fees for spot and futures trading follow a tiered VIP level system, determined by the user's 30-day trading volume. This model operates on a maker-taker basis.
Leverage and Margin Trading
Gate.io offers margin trading with leverage options, allowing clients to engage in trades with up to 10X leverage. The margin loan volume is linked to the chosen leverage ratio, ranging from 3X to 10X, with variations across different markets.
Regulatory Compliance and KYC Process
While Gate.io emphasizes its stability and reliability, it is important to note that the exchange operates in a less regulated environment. Users are required to undergo a mandatory KYC (Know Your Customer) process for withdrawals and cryptocurrency deposits.
Customer Support and Accessibility
Gate.io prides itself on providing a user-friendly platform with 24/7 customer support. The exchange also offers a robust mobile app, enhancing accessibility for users on the go.