Gate Group invested in Hong Kong by increasing its investments.
Gate Group has launched a new virtual asset trading platform in Hong Kong. As of May 23, users will be able to deposit and withdraw their virtual assets and participate in spot trading activities.
Gate Group Launches Virtual Presence Platform in Hong Kong
Virtual asset services provider Gate Group, the company behind the Gate.io crypto exchange, has unveiled its newest virtual asset trading platform in Hong Kong. The platform, called GateHK, started its registration and trading services on May 23. Users can now spot trade various cryptocurrencies, virtual assets while also depositing and withdrawing their virtual assets.
GateHK aims to provide a wide range of trading services for retail users and professional traders. Gate Group intends to expand Gate.HK’s capabilities, providing users with more comprehensive trading options. Each new product and service will comply with regulatory requirements in Hong Kong and be tailored to meet the specific needs of users.
Gateio announced plans to establish a presence in Hong Kong in February. The move comes after the local government has set aside HK$50 million ($6.4 million) to support Web3 initiatives as part of its 2023-24 budget.
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