PANews reported on May 7th that Gate has officially launched localized fiat currency deposit channels for select CIS countries, further strengthening its service capabilities in the regional market. This move aims to meet the growing demand for crypto asset purchases in the region, which currently sees approximately $650 million in daily trading volume and millions of active users, leading to a significant increase in demand for convenient, secure, and compliant deposit methods.

Gate's newly launched localized deposit channel allows users to purchase mainstream crypto assets directly using their local currency and familiar payment methods, effectively lowering the barrier to entry for cross-border transactions. Functionally, the platform supports mainstream local payment channels such as real-time bank transfers and bank cards, effectively avoiding the high fees and delays associated with traditional cross-border transfers, enabling users to deposit funds at a lower cost. Simultaneously, the channel offers complete localization support, including local language adaptation for the interface, customer service, and documentation, and supports trading in selected mainstream crypto assets, achieving an efficient connection from fiat currency deposits to asset allocation, further promoting the popularization and development of the regional crypto market.

In the future, Gate will continue to integrate payment infrastructure to improve transaction efficiency, enhance the stability and reliability of fund transfers, and further optimize the user experience.