PANews reported on December 23 that according to the announcement of crypto asset trading platform Gate.io and the Japanese Financial Services Agency today, Gate Group announced that its Singaporean legal entity Gate Japan KK ("Gate Japan", CEO: Lin Han) has successfully acquired all the issued shares of Japanese crypto asset trading service provider Coin Master Co., Ltd. At the same time, Coin Master Co., Ltd. has been renamed "Gate Japan Co., Ltd." from now on.
Gate.io announced on July 22, 2024 that it has stopped opening new accounts for users living in Japan and will gradually terminate its global services for users in Japan. However, through the acquisition of Coin Master Co., Ltd., Gate Group hopes to provide Japanese users with exclusive digital asset trading platform services that comply with local regulations in the future, and further promote the expansion of localized business in the Japanese market.
