The cryptocurrency exchange Gate.io participated at TOKEN2049 in London on November 9–10, presenting a keynote address to guests and engaging in conversation with partners and professionals from the cryptocurrency business. The event, which is regarded as one of the most significant cryptocurrency events to take place in Europe in 2022, gathered together prominent executives and industry professionals from all over the world.
Gate.io Emphasizes Its Transparency and Safety Assets
The keynote address was given by Daniel Antcliff, the Leader of Global Business at Gate.io. He gave insights into the growth of Gate.io’s ecosystem as well as the company’s transparent approach to safeguarding user assets. He also provided insights about the company’s strategy for protecting user assets.
By introducing cryptocurrency into regular activities and boosting the rate at which blockchain-based apps are adopted, Gate.io hopes to bridge the gap that clearly exists between blockchain technology and the physical world. This will allow the company to fulfill its objective.
The Proof of Reserves solution that Gate.io has developed, along with the one-of-a-kind method that it employs to combine certified third-party audit reports with user-verifiable Merkle Tree data, has been made available as open source for anyone to access, with the goal of enhancing the widespread adoption of transparency among all crypto-users. This was done in order to achieve Gate.io’s goal of enhancing the widespread adoption of transparency among all crypto-users.
An assessment of the ecosystem that Gate.io has built with the purpose of bringing blockchain technology into our everyday life as a whole. This ecosystem is made up of a variety of distinct parts, some of which include decentralized technology development (NFTs, GateChain, and DApps), entrepreneur incubation and venture capital financing (Gate Venture, Gate Labs, and Gate), and many more.
Gate.io Expanding In Europe
Throughout the year 2022, Gate.io has been working on developing its plan for worldwide development. As a fundamental component of its business model, the company is fully committed to outpacing the compliance, licensing, and registration regulations of any new territories into which it expands its operations. Additionally, the exchange has already been engaged in areas of Europe, and it has ambitions to extend its pledges and promote the developing crypto industry in those territories.
As part of its continued expansion, Gate.io has been granted licensing and registration, as well as satisfied the requirements of the local compliance regulations in a number of different locations. This relates to the more comprehensive crypto sector in Europe. Recently, in the third quarter, Gate.io stated that it had earned a VFA Class 4 license in Malta as well as a VASP registration in Lithuania, to mention a few of its new credentials.
Gate.io expects other exchanges would follow its lead in boosting market trust after unveiling the new audit this year. Gate.io’s audit solution uses cryptographic Merkle Trees and validated third-party reviews. It lets consumers officially confirm their digital funds are audited and promotes exchange amount transparency. After the declaration, any exchange can adopt it.