crypto strategy

Gate.io launches Crypto Exchange GateTR in Turkey, marking a milestone in its global expansion

MAJURO, Marshall Islands, November 17, 2022 /PRNewswire/ — Throughout the third quarter of 2022, Gate.io Group, the parent company of crypto Gate.io exchangerevealed the progress of its global expansion in several crypto regions such as dubai, Lithuania and Turkey. Today, a new step has been taken. Recently announced in a keynote at Istanbul Blockchain Week 2022, Gate.io and its Turkey-based counterpart, Gate Turkey, unveiled GateTRa new crypto exchange adapted to serve Turkey’s growth crypto market.

GateTR reveal and launch at IBW 2022

During the keynote, Gate Turkey head Kafkas Sonmez presented several key features of the new GateTR Exchangeincluding:

  • User-friendly and lightning-fast trading experience tailored to Turkey crypto market.
  • Swap cryptocurrencybuy or sell with Turkish Lira (TRY) and withdraw to local bank accounts.
  • GateTR will share Gate.io’s registration policy to the fullest extent available in Turkey.
  • Further expansion of trading products and services beyond spot trading.
  • Q1 2022 to see announcements of collaborations to merge crypto payments with areas such as transport, travel and purchases.
  • Dedicated 24/7 customer support

Also discussed was the strict adherence to regulatory compliance and AML/CTF controls employed by Gate.io Group and how compliant operations are at the heart of the exchange’s commitment to regulators and users in Turkey. Additionally, Gate.io Founder and CEO Dr. Lin Han further reinforced Gate.io’s adherence to proof-of-reserve audits after the release of Gate.io’s open-source Merkle Tree method, welcoming d other exchanges to follow.

Lately, Gate.io invited visitors to attend a special afterparty co-sponsored by Gate.io to facilitate meaningful discussions around blockchain and Web3 and to participate in exclusive online and on-site activities to earn NFTs.

Global expansion, in Turkey and beyond

After establishing offices in one of Istanbul’s business districts in May, Gate.io began to expand its operations in Turkey in preparation for the development and launch of GateTR and formed strategic partnerships with other companies in the sector and local banks.

The launch of the GateTR crypto swap is a significant step forward in the Gate.io group that extends its products and services to more users around the world. Gate.io Group has placed regulatory compliance at the center of its globalization strategy, devoting resources to ensure it meets or exceeds the expectations of regulators and legislation.

Apart from establishing offices in Turkey this year, the various regional entities of the Gate.io group have acquired respective licenses and registrations for their regions, including a VASP registration in Lithuania, a VFA class 4 license in Malta, a TCSP in Hong Kong, and a DMCC license in Dubai.

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SOURCE Gate.io



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