The crypto platform Gate.io has finally obtained a license to offer virtual asset custody services in Hong Kong, according to a press release this Monday. This is good news for the crypto exchange platform. This is because it is currently focusing on a global expansion phase. Last March, Gate Technology, a branch of the group Gate.io , also obtained his VFA license in Malta. This allows it to operate as a virtual exchange platform, and to offer childcare services in the country.
The crypto platform Gate.io extends to Hong Kong
According to the CEO of Gate.io , Han Lin, running a virtual asset custody business in Hong Kong is a crucial step for the group. Obtaining an authorization to operate in/from this country should stimulate the expansion plan of the platform. Indeed, a license in Hong Kong will strengthen the confidence of investors who place cryptocurrencies under the custody of Hippo Financial Services. Hong Kong is a country highly appreciated by many cryptocurrency platforms for its state-of-the-art regulatory policies. It is therefore not surprising that Gate.io be visibly satisfied with the approval of the license.
Gate.io : a growing platform
The crypto platform, Gate.io is a rapidly expanding Chinese company. Founded in 2013, this platform provides access to more than 180 cryptos and nearly 400 stock markets. Last March, Gate.io has also obtained its license to offer its services to Maltes. This authorization allows him to manage a scholarship ofexchange to provide and offer VFA childcare services in the country. The only downside according to its users? The platform Gate.io does not process fiat currencies, but only crypto exchanges. However, she offers her services at minimal costs.
Obtaining the license to offer VFA childcare services in Hong Kong is an important step for Gate.io . Next to that, the group is definitely not going to stop there. It wants to cover more geographical areas and allow its users to have easy access to cryptocurrencies.
Source : Watcher.guru
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