Gate's biggest repositioning since its 2013 founding: what Gate Money offers, the exchange behind it, and how it compares with peers.
For most of crypto's history, an exchange had one job: match buyers and sellers. Gate is now betting that a trading venue is no longer enough. On October 7, founder and CEO Dr. Han took the main stage at TOKEN2049 Singapore to launch Gate Money, a single account for holding, moving and spending money across crypto, fiat and stocks.
Gate Money is the centerpiece of Gate's "all-in-one platform" brand upgrade, under the theme "One Gate, Everything Money." Traditional finance splits everyday money tasks across separate accounts, apps and systems. Gate Money brings them into one, built on a principle Dr. Han set out on stage: "Accounts should not be the boundary of funds."
This report covers what Gate Money offers, the scale of the exchange behind it, how the market reacted, and how it compares with similar moves by OKX and others.
One account for everything. Gate Money combines crypto, fiat, stocks, a bank account in the user's own name and a payment card. It is live now for eligible users.
Built on a top-tier derivatives venue. Gate now ranks 3rd by derivatives volume, behind only Binance and OKX, at $12.77B a day. Its share of derivatives volume across five major exchanges rose from 9.3% to 11.2% month-on-month.
GT rallied before the launch. GT rose about 70% from its August low to around $11, and has held near that level since the keynote.
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