Gate bets all-in-one money app is crypto’s biggest consumer trend this year and next
Source: CoinDesk ·
From the source
Gate rebrands around Gate Money, which combines accounts, asset conversion, savings and card payments as the exchange broadens beyond its trading base. Gate is the latest platform to bet that "everything" exchanges are the future model for crypto companies, with CEO and founder Lin Han predicting that all-one-money apps will become one of the biggest consumer trends in the coming year. The Cayman Islands-headquartered firm, which has $2 billion 24-hour trading volume and over 60 million users , is entering a widening race to turn trading accounts into broader consumer-finance apps. Coinbase expanded into investing, derivatives and banking , while Bybit is building a European super app . Robinhood’s U.K. offering already combines crypto with stocks, ISAs, options and futures. Binance announced its bet on becoming a crypto super app in July. The opportunity is to make crypto one feature of an everyday money account, rather than an activity reserved for traders. Gate now allows users to…