There is no shortage of cryptocurrency exchanges on the market today. Although the choice is a good thing, for many investors, the decision can be debilitating. After all, while a good platform can be the key to building your investment portfolio, the adverse may also be true, that a poorly set up exchange may cost a user both in opportunities lost and more directly in scams. For this reason, one of the greatest tells of a good exchange becomes their reputation.
Although marketing speak may tell a good story of an exchange’s success in the industry, secure functions and diverse offerings, users must remember that actions often speak louder than words. Prospective investors do well to ask themselves, "would I trust a platform with one year of experience in the industry over one with nearly a decade of managing secure transactions and adapting to end-user feedback and industry trends?" The answer is pretty clear.
Founded in 2013, Gate.io is one of the longest-running secure exchanges in the world. The platform is known for providing services related to trading the industry’s top digital assets, decentralized finance (DeFi), research, wallet services, venture capital investing and analytics, among others. In response to its comprehensive and growing ecosystem, Gate.io now serves over 10 million users worldwide. The platform has since received a rating of 4.5 by Forbes Advisor, making it one of the highest-rated exchanges in 2021.
With over nine years of experience under Gate.io’s belt, the platform looks back at some of its major accomplishments as part of its anniversary celebration that will be launched in the middle of May. In addition to a series of celebrations, Gate.io plans to undergo a major upgrade to further give back to their community.
A look through history
The platform has evolved significantly since its official creation in April 2013, its first major transition occurring formally on March 2, 2020. On this date, Gate.io underwent an upgrade of GT, the native token of the Gatechain mainnet, to a platform token. GT then became recognized for its use in VIP tier escalation, trading fee debits, and access to exclusive activities, representing the start of the token’s applications and the beginnings of its intrinsic value growth.
Later in the same year, Gate.io became the first mainstream trading platform to offer 100% margin audit certification. The announcement provided validation to existing users that their assets were secure, as stated through blockchain signatures and Merckel trees in an open-source and transparent way.
With a secure foundation for asset exchanges on one side, Gate.io further looked at extending its verticals by opening up an application channel for quality blockchain projects in January 2020.
In the year to follow, the welcoming of new projects was met with the go-live of the smart contract Ethereum Virtual Machine (EVM) mainnet. The mainnet, which was characterized by secure infrastructure, low fees and high performance, was introduced with the belief that everyone could soon create highly secure decentralized applications (DApps). With strong foundations now in place, Gate.io also indicated the launch of their DeFi Ecosystem and Labs Incubator Program, in which Gate.io Labs would be funding 50 million in cryptocurrency to support high-quality project development.
Following the rise of DApps, there was a market trend towards nonfungible tokens (NFTs). Naturally, Gate.io’s response became evident on its 8th anniversary with the release of the NFT Magic Box, which was said to be the world’s first centralized trading platform.
Just a few months later, Gate.io also released an early-stage crypto venture capital fund Gate Ventures to continue facilitating early-stage projects. Together, these new developments resulted in a platform that now exceeded 10 million users as of January 2022.
Leading with safety and security
Throughout the platform’s nine years of success, the team continues to attribute high attention to safety and security, deep insight into the crypto market and creation of a comprehensive ecosystem to its success as a mainstream provider.
With extensive services now under its belt, the platform displays a strong reputation that often precedes its extensive service offerings, drawing in new users and retaining existing customers alike.
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