Closer to US Debut After Local Licensing

In preparation for its introduction into the local market, Gate US said it had been granted permission to do business in multiple states within the United States, in addition to receiving a money services business license from FinCEN.

Gate US, the US branch of, the world’s fourth largest cryptocurrency exchange as measured by trading volume, has announced that it has obtained operating licenses in numerous states. This brings the company one step closer to serving the entire country.

Dr. Lin Han, founder and chairman of and its US entity, announced in a statement that Gate US has now registered as a money services business with the Financial Crimes Enforcement Network (FinCEN), which is the country’s money laundering watchdog. and financial crimes. The statement was published on December 19.

The exchange was able to obtain certain money transmission licenses or other authorizations comparable to these to begin operations, and is now looking to obtain further authorizations.

Gate US did not disclose the names of the states in which it was licensed, but the company said it is not currently accepting customers from the nation.

However, the rules of its use specify that it will not be accessible to residents of the states of New York and Hawaii, as well as the territory of Puerto Rico.

When opened to clients in the United States, the exchange is expected to serve clients at both the retail and institutional levels.

It now competes with other leading US exchanges that are registered in the US, such as Coinbase, Kraken, Binance US, and Gemini.

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