News Heat Trend
Project Overview
Gate US is a cryptocurrency exchange that aims to serve US consumers and comply with US regulations.
Gate US launches USD balance trading and USD Wire transfer service, expanding fund management and transfer capabilities
According to official news, Gate US now supports USD balance trading and has officially launched USD Wire deposit and withdrawal services. Users no longer need to convert funds into stablecoins and can directly hold USD balances in their platform accounts, using them only when they need to trade.Through the upgraded banking and payment infrastructure, eligible verified Gate US users in supported regions can use their own U.S. bank accounts to make large USD transfers via USD Wire. The transfer limits supported by this service are higher than those of regular bank cards or in-app transfers. Users can also withdraw USD balances to the same verified bank account, subject to applicable limit restrictions and processing requirements. Users can open the Gate US App, go to the Wallet page, select the USD option, and follow the on-screen instructions to complete the process. When making a transfer, users need to enter the dedicated reference code provided on the page so that the system can identify and match the corresponding account.Gate US continues to advance compliance efforts in the U.S. market and currently holds 37 state-level Money Transmitter Licenses (MTLs), with services covering 47 U.S. states and territories. By continuously upgrading banking and payment infrastructure and expanding its network of financial and technology partners, Gate US will continue to enrich fiat currency services and fund transfer options, promoting further integration between digital asset trading and traditional financial services. USD deposit and withdrawal services are only available in certain U.S. jurisdictions. Residents of Colorado, Hawaii, Missouri, New Jersey, Utah, or Wyoming cannot use this service.
Gate Money connects banks and payment networks, with compliant arrangements across multiple jurisdictions supporting service delivery
Odaily reports: Gate Money connects account payments, asset exchange, and everyday spending, with its services underpinned by collaboration among international banks, payment institutions, custody providers, and clearing institutions. Eligible users can use bank accounts in their own name to manage fiat funds by currency, process deposits and withdrawals, and send and receive digital assets through supported blockchain networks. The availability of each feature depends on local regulatory requirements, the service capabilities of partner institutions, and user eligibility.On the compliance front, Gate has obtained a MiCA license and a Payment Institution (PI) license in the EU, its Dubai entity has obtained a VARA license, and its Australian entity has completed AUSTRAC registration as a digital currency exchange provider, with these qualifications applying to the respective entities and approved business activities. Gate US holds 37 state-level Money Transmitter Licenses (MTLs), covering 47 U.S. states and territories. On asset transparency, Gate's latest proof of reserves shows that the platform's total reserve size has risen to USD 8.688 billion, with an overall reserve coverage ratio of 118.49%; BTC reserves reached 25,727, with a reserve ratio of 121.60%; ETH reserves stood at 449,042, with a reserve ratio of 123.78%. Collaboration with financial institutions, compliance qualifications, and verifiable reserves together form the foundation of Gate Money's services, supporting the platform in meeting fund payment and asset management needs beyond trading. (Cointelegraph)
Gate US launches USD balance trading and USD Wire transfer service, expanding fund management and transfer capabilities
According to official news, Gate US now supports USD balance trading and has officially launched USD Wire deposit and withdrawal services. Users no longer need to convert funds into stablecoins and can directly hold USD balances in their platform accounts, using them only when they need to trade.Through the upgraded banking and payment infrastructure, eligible verified Gate US users in supported regions can use their own U.S. bank accounts to make large USD transfers via USD Wire. The transfer limits supported by this service are higher than those of regular bank cards or in-app transfers. Users can also withdraw USD balances to the same verified bank account, subject to applicable limit restrictions and processing requirements. Users can open the Gate US App, go to the Wallet page, select the USD option, and follow the on-screen instructions to complete the process. When making a transfer, users need to enter the dedicated reference code provided on the page so that the system can identify and match the corresponding account.Gate US continues to advance compliance efforts in the U.S. market and currently holds 37 state-level Money Transmitter Licenses (MTLs), with services covering 47 U.S. states and territories. By continuously upgrading banking and payment infrastructure and expanding its network of financial and technology partners, Gate US will continue to enrich fiat currency services and fund transfer options, promoting further integration between digital asset trading and traditional financial services. USD deposit and withdrawal services are only available in certain U.S. jurisdictions. Residents of Colorado, Hawaii, Missouri, New Jersey, Utah, or Wyoming cannot use this service.
Gate Money connects banks and payment networks, with compliant arrangements across multiple jurisdictions supporting service delivery
Odaily reports: Gate Money connects account payments, asset exchange, and everyday spending, with its services underpinned by collaboration among international banks, payment institutions, custody providers, and clearing institutions. Eligible users can use bank accounts in their own name to manage fiat funds by currency, process deposits and withdrawals, and send and receive digital assets through supported blockchain networks. The availability of each feature depends on local regulatory requirements, the service capabilities of partner institutions, and user eligibility.On the compliance front, Gate has obtained a MiCA license and a Payment Institution (PI) license in the EU, its Dubai entity has obtained a VARA license, and its Australian entity has completed AUSTRAC registration as a digital currency exchange provider, with these qualifications applying to the respective entities and approved business activities. Gate US holds 37 state-level Money Transmitter Licenses (MTLs), covering 47 U.S. states and territories. On asset transparency, Gate's latest proof of reserves shows that the platform's total reserve size has risen to USD 8.688 billion, with an overall reserve coverage ratio of 118.49%; BTC reserves reached 25,727, with a reserve ratio of 121.60%; ETH reserves stood at 449,042, with a reserve ratio of 123.78%. Collaboration with financial institutions, compliance qualifications, and verifiable reserves together form the foundation of Gate Money's services, supporting the platform in meeting fund payment and asset management needs beyond trading. (Cointelegraph)
Related news
Gate US launches USD balance trading and USD Wire transfer service, expanding fund management and transfer capabilities
According to official news, Gate US now supports USD balance trading and has officially launched USD Wire deposit and withdrawal services. Users no longer need to convert funds into stablecoins and can directly hold USD balances in their platform accounts, using them only when they need to trade.Through the upgraded banking and payment infrastructure, eligible verified Gate US users in supported regions can use their own U.S. bank accounts to make large USD transfers via USD Wire. The transfer limits supported by this service are higher than those of regular bank cards or in-app transfers. Users can also withdraw USD balances to the same verified bank account, subject to applicable limit restrictions and processing requirements. Users can open the Gate US App, go to the Wallet page, select the USD option, and follow the on-screen instructions to complete the process. When making a transfer, users need to enter the dedicated reference code provided on the page so that the system can identify and match the corresponding account.Gate US continues to advance compliance efforts in the U.S. market and currently holds 37 state-level Money Transmitter Licenses (MTLs), with services covering 47 U.S. states and territories. By continuously upgrading banking and payment infrastructure and expanding its network of financial and technology partners, Gate US will continue to enrich fiat currency services and fund transfer options, promoting further integration between digital asset trading and traditional financial services. USD deposit and withdrawal services are only available in certain U.S. jurisdictions. Residents of Colorado, Hawaii, Missouri, New Jersey, Utah, or Wyoming cannot use this service.
Gate Money connects banks and payment networks, with compliant arrangements across multiple jurisdictions supporting service delivery
Odaily reports: Gate Money connects account payments, asset exchange, and everyday spending, with its services underpinned by collaboration among international banks, payment institutions, custody providers, and clearing institutions. Eligible users can use bank accounts in their own name to manage fiat funds by currency, process deposits and withdrawals, and send and receive digital assets through supported blockchain networks. The availability of each feature depends on local regulatory requirements, the service capabilities of partner institutions, and user eligibility.On the compliance front, Gate has obtained a MiCA license and a Payment Institution (PI) license in the EU, its Dubai entity has obtained a VARA license, and its Australian entity has completed AUSTRAC registration as a digital currency exchange provider, with these qualifications applying to the respective entities and approved business activities. Gate US holds 37 state-level Money Transmitter Licenses (MTLs), covering 47 U.S. states and territories. On asset transparency, Gate's latest proof of reserves shows that the platform's total reserve size has risen to USD 8.688 billion, with an overall reserve coverage ratio of 118.49%; BTC reserves reached 25,727, with a reserve ratio of 121.60%; ETH reserves stood at 449,042, with a reserve ratio of 123.78%. Collaboration with financial institutions, compliance qualifications, and verifiable reserves together form the foundation of Gate Money's services, supporting the platform in meeting fund payment and asset management needs beyond trading. (Cointelegraph)
Gate Futures LLC registers as a CFTC Independent Introducing Broker and joins the NFA
Odaily News: Gate US's wholly-owned subsidiary Gate Futures LLC has completed registration with the U.S. Commodity Futures Trading Commission (CFTC) as an Independent Introducing Broker and has officially become a member of the National Futures Association (NFA).