Gate.io Completes Rebranding Process, Officially Dropping the "Technology" from Its Name

Gate Technology Ltd, formerly known as Gate.MT, has officially rebranded to Gate.io. This change is intended to strengthen the company's presence in Europe

Gate Technology Ltd, previously known as Gate.MT, has officially rebranded to Gate.io to strengthen its presence in Europe and align its operations with the globally recognized Gate.io brand.

The company also announced that it will be closing the existing Gate.io accounts for Japanese users by December 31, 2024.

This move follows the Financial Services Agency of Japan’s (FSA) recent approval of Coin Master Co., Ltd’s registration as a crypto exchange.

Coin Master will now operate as Gate Japan K.K., a subsidiary of Singapore-based Gate Group.

Announcing the development in a statement, Gate Technology Ltd said it has been operating in Europe since 2022. Its services in Malta are licensed by the Malta Financial Services Authority (MFSA) in VFA Class 4. While in Italy, the company’s subsidiary is registered as a Virtual Asset Service Provider with Organismo Agenti e Mediatori (OAM). Both entities will continue serving clients under the Gate.io brand.

The company also highlighted its strong performance in 2024, reporting a trading volume of $3.8 trillion.

This represents a 120% increase from the previous year. Of the total volume, $1.8 trillion was realized on the platform’s spot trading, while its contracts trading hit $2 trillion.

The crypto exchange’s user base also surpassed 20 million.

In terms of new additions to the platform in 2024, Gate.io added 873 new tokens, including 437 exclusive listings. Its reserve funds amounted to $9.566 billion, with a reserve ratio of 123.91%.

The crypto exchange’s native token, GT, saw a nearly 300% growth, reaching an all-time high of $18.667 on January 9, 2025. Its excess reserves grew by 68.89% to $1.846 billion.

Gate.io’s stellar performance comes amid a period of rapid growth for the crypto industry. Earlier this year, industry data from TokenInsight showed that the global cryptocurrency market capitalization is expected to hit $10 trillion by 2026.

The crypto exchange is now turning its attention to expanding its regulated operations across Europe. Further details will be announced in the coming months.

“We are grateful for the support of our clients and colleagues as we continue to navigate the exciting and dynamic landscape of the European cryptocurrency market,” said Giovanni Cunti, CEO of Gate Technology Ltd. “We remain committed to excellence and will relentlessly pursue new avenues to expand our services and offerings.”