The cryptocurrency exchange Gate launched spot trading services in the U.S.

Gate enters the U.S. market with spot trading, as the regulatory landscape shows signs of progress.

The cryptocurrency exchange platform Gate has launched in the United States, offering spot trading services to U.S. customers for the first time. Founded in 2013 by Chinese scientist Lin Han, the company cited improvements in regulatory clarity in the country as the reason for this decision.

According to Gate, it will initially offer cryptocurrency trading pairs for U.S. customers, with upcoming services for fiat currency on-ramps and off-ramps and support for custodial wallets. As of July 24, the platform offered over 3,800 trading pairs on its platform, one of the largest varieties of assets in the market.

Spot trading volume on Gate reached USD 6.8 billion in the last 24 hours, according to CoinMarketCap.

"As a strategic hub in the global crypto landscape, the United States has long held a significant position in areas such as digital finance regulation, technological innovation, and capital market development, attracting leading crypto platforms from around the world," the company stated in a press release.

This move comes at a time when cryptocurrency exchange platforms are re-entering the United States due to greater regulatory clarity. After U.S. President Donald Trump promised to make the United States "the world capital of cryptocurrencies," lawmakers have introduced bills aimed at establishing a regulatory framework for digital assets, including the GENIUS Act and the CLARITY Act.