Gate, a major global cryptocurrency exchange, is making its U.S. debut, bringing spot trading services to American users for the first time.
The platform says the decision comes as U.S. rules around digital assets start to take shape, creating an environment more welcoming to global crypto firms.
At launch, American traders will be able to access a selection of crypto trading pairs, with features like fiat deposits, withdrawals, and custodial wallets expected to roll out later. Globally, Gate is known for its enormous range—over 3,800 trading pairs—and recently logged $6.8 billion in 24-hour spot trading volume, making it one of the most active exchanges worldwide.
The U.S. market has become increasingly attractive to major players, especially after President Trump pledged to make the country “the world capital of crypto” and lawmakers proposed new bills such as the GENIUS Act and the CLARITY Act. These measures aim to formalize a framework for digital assets and encourage further adoption.
Several exchanges have already tested the waters. OKX returned in April after settling a $505 million dispute with U.S. authorities and is reportedly exploring an IPO. Binance.US has also been rumored to be preparing a comeback. With Americans transacting more than $750 billion in crypto between July 2023 and June 2024—far ahead of any other nation—and 65 million adults now holding digital assets, the market represents a massive opportunity. Bitcoin remains the most common holding, followed by Ethereum, with most owners planning to buy more this year.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.