The Gate platform launches cryptocurrency trading services for American citizens amid the development of new digital asset regulations.
Launch of Services for American Traders
The Gate platform has announced the launch of services for American traders. According to company representatives, users will be able to access various cryptocurrency pairs and use features such as fiat deposits, withdrawals, and custodial wallets that will be rolled out later.
Conditions of the Cryptocurrency Market in the USA
According to a Gate spokesperson, this move has been made possible due to the formation of new regulations in the USA, creating a more welcoming environment for global crypto firms. The acceleration of regulations has been met with interest from major market players following statements from high-ranking officials about the intention to make the USA 'the world capital of cryptocurrency.'
Prospects and Reactions to New Initiatives
Several crypto exchanges have already begun to return to the US market. For example, OKX returned in April after settling a dispute with authorities. Binance.US is also reportedly considering rehiring its operations. Cryptocurrency trading in the USA is growing, with transaction volumes exceeding $750 billion between July 2023 and June 2024, highlighting the immense potential of this market.
With the launch of services for American traders, Gate provides access to various cryptocurrency markets in the context of new regulations, opening opportunities for increased interest in digital assets in the country.
