Gate bets all-in-one money app is crypto’s biggest consumer trend this year and next
Gate rebrands around Gate Money, which combines accounts, asset conversion, savings and card payments as the exchange broadens beyond its trading base.
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Summary
- Gate is joining a growing push by crypto exchanges to become all-in-one finance apps, as rivals including Coinbase, Binance, Bybit and Robinhood expand beyond digital-asset trading.
- The exchange’s new Gate Money app will let users hold and convert cash, cryptocurrencies, stocks, gold and other assets in one account, then spend from those holdings with a card.
- Gate founder Lin Han said the company is targeting mainstream consumers, particularly in Asia, but did not explain how it would price or execute asset conversions when underlying markets are closed.
