Gate.io Turns 12: Rebranding, $10B Reserves & Exclusive Dubai Events

Gate.io Celebrates 12th Anniversary with Major Brand Upgrade

Gate.io, a leading global cryptocurrency exchange, has marked its 12th anniversary with a significant brand upgrade. The company introduced its new official Chinese name, "Damen" (大门), which translates to "The Gate." This rebranding reflects Gate.io's vision of creating a more open, diverse, and innovative Web3 ecosystem for its global user base. The theme of the celebration, "12 Years, One Gate, One World," highlights the platform's journey of growth and its commitment to the future of blockchain technology.

Since its establishment in 2013, Gate.io has become a major player in the crypto industry, serving over 22 million users worldwide. It ranks among the top three exchanges by liquidity and is second in 24-hour spot trading volume. The platform supports over 3,800 cryptocurrencies, offering a wide range of trading options, including spot trading, futures, and leverage. GateToken (GT), the platform's native token, has been a cornerstone of its ecosystem, reaching an all-time high of $25.960 and achieving a market capitalization of $2.94 billion.

Gate.io has also been a pioneer in promoting transparency within the crypto industry. It was the first mainstream exchange to commit to 100% proof of reserves, partnering with U.S. audit firm Armanino LLP. As of January 17, 2025, the platform's total reserves exceeded $10 billion, with a reserve ratio of 128.58%, ensuring the security of user assets.

To celebrate its anniversary, Gate.io will host flagship events in Dubai on April 29-30, 2025. These events aim to foster collaboration among global investors, blockchain entrepreneurs, and industry leaders. The celebration will also feature SPORT3 DUBAI 2025, blending sports and blockchain to create a dynamic atmosphere for innovation and networking.

"From the 'Gateway to Crypto' over a decade ago to pioneering the next chapter of blockchain evolution, Gate.io remains committed to empowering users and shaping the future of the blockchain ecosystem." – Gate.io

Key Takeaways:

Gate.io celebrates 12 years with a rebranding to "Damen" (大门).
Serves over 22 million users and supports 3,800+ cryptocurrencies.
First exchange to commit to 100% proof of reserves, with $10 billion in total reserves.
Upcoming flagship events in Dubai to mark the anniversary.

$1 Billion in Bitcoin Withdrawn from Major U.S. Exchange

On April 11, 2025, over $1 billion worth of Bitcoin was withdrawn from the U.S.-based cryptocurrency exchange Kraken. Blockchain monitoring firm Whale Alert identified multiple large transactions, including one transfer of 5,994 BTC valued at $494.5 million and another of 7,001 BTC worth $577 million. These transactions were sent to an anonymous wallet, sparking speculation about institutional accumulation strategies.

In total, Bitcoin withdrawals from Kraken on that day exceeded $2.4 billion. Analysts suggest that this could be a bullish signal, as large investors, or "whales," appear to be accumulating Bitcoin for long-term holding. This trend aligns with data from CryptoQuant, which indicates that institutional investors are increasing their Bitcoin reserves despite low retail demand and on-chain activity.

Market experts believe that this accumulation could contribute to Bitcoin's resistance against economic pressures and potentially lead to a price breakout. The significant outflows from Kraken highlight a growing interest in Bitcoin among institutional players.

Key Takeaways:

Over $1 billion in Bitcoin withdrawn from Kraken on April 11, 2025.
Largest transactions included 5,994 BTC ($494.5 million) and 7,001 BTC ($577 million).
Speculation of institutional accumulation as a bullish market signal.

U.S. SEC Considers Regulatory Sandbox for Crypto Exchanges

The U.S. Securities and Exchange Commission (SEC) is exploring the possibility of a "regulatory sandbox" for crypto exchanges. Acting SEC Chair Mark Uyeda suggested a time-limited, conditional framework that would allow exchanges to experiment with tokenized securities and other blockchain innovations. This proposal was discussed during the SEC's second crypto roundtable, held on April 11, 2025.

Commissioner Hester Peirce, a known advocate for crypto innovation, supported the idea, emphasizing that such trials could inform future regulatory frameworks. However, Democratic Commissioner Caroline Crenshaw raised concerns about the risks associated with crypto platforms performing multiple functions, such as brokerage, clearing, and custody, under one roof. She argued that these risks could lead to market disruptions and harm to investors.

The roundtable also addressed jurisdictional issues, with participants debating whether the SEC or the Commodity Futures Trading Commission (CFTC) should regulate certain aspects of the crypto industry. The discussions highlighted the need for clear and comprehensive regulations to support innovation while protecting investors.

Key Takeaways:

SEC considers a regulatory sandbox for crypto exchanges to experiment with tokenized securities.
Proposal aims to balance innovation with investor protection.
Debate over jurisdiction between SEC and CFTC continues.

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