Fri, April 26

Prominent Exchange Gate.io Will Shut Down Operations in Multiple Countries

crypto Exchange News
  • Portal Broker, API Broker, and Exchange Broker are part of Gate.io’s new broker program. 
  • Gate.io provides customers with detailed information on the cryptocurrency market.

Cryptocurrency investors have a tough time deciding which cryptocurrencies to invest in since so many of them. Gate.io, a crypto trading platform, was created specifically to solve this issue. Gate.io provides customers with detailed information on the cryptocurrency markets and provide a trading platform for cryptocurrency investors.

Portal Broker, API Broker, and Exchange Broker are part of Gate.io’s new broker program. Brokers who utilize these services may refer their clients to the platform, serve as their clients’ brokers, and earn commissions and incentives from their clients’ transactions.

Brokers may earn up to 50% in incentives for Spot trading with the use of a simple referral link, which is the simplest account offered by Gate.io. Similarly, the API Broker service employs a referral link, but its primary goal is to encourage consumers to use Gate.io’s extensive API trading capabilities. 

Investors all across the globe are on the lookout for the “next big thing” in the booming crypto industry, and they’ve been searching for undiscovered gems. One of the most common methods for investors to join in on potential new ventures is via IEO platforms like Gate.io’s Startup.

Cease of Operations

Crypto analyst Watcher.Guru tweeted a recent announcement about the platform on its official handle where it mentioned that the exchange would cease operations in the below-mentioned countries.

  • Bangladesh
  • Venezuela
  • Singapore
  • Malaysia
  • Ecuador
  • Canada
  • Bolivia
  • Syrian
  • China
  • Malta
  • Cuba
  • Iran

The reason behind this decision is still unknown, but it seems the platform wants to focus on selected countries and leave out the rest.

A devoted content writer having 3 years of crypto trading experience. Loves cooking and swimming. Stays up to date with the latest developments on blockchain technology.