Gate Update: Gate Money, Visa Partnership and Singapore Gala Mark Exchange’s Shift Toward Everyday Finance
In Brief
Gate Update: Gate launches Gate Money and a Visa crypto card at TOKEN2049, reports 127% reserves, and adds new Earn, trading and Launchpool events.
Gate used TOKEN2049 Singapore 2026 to present its largest product shift in years. The exchange launched Gate Money, an all-in-one account that combines digital assets, fiat, stocks, ETFs, gold and bank accounts inside one app. It also announced a crypto-linked Visa card planned for more than 40 markets. Alongside the product news, Gate disclosed reserves of $8.215 billion with 127% coverage. DefiLlama data also shows the platform among the leading centralized exchanges by net inflows and open interest. Together, these items show a company trying to move from trading venue to everyday financial platform.
Gate Money and the Visa card
Gate Money is built around the slogan “One Gate, Everything Money.” It lets eligible users open a global electronic bank account in their own name through the Gate app. They can then receive funds, convert currencies, transfer money, invest and pay from the same account. Users can update the app to v8.39.0 to enable it. A feature Gate emphasizes is spending against held assets, including stocks, without selling them first.
The Visa partnership extends this into payments. Gate says the crypto-linked card can be applied for and managed in the app. It works online and in stores wherever Visa is accepted, and crypto is converted to fiat automatically at the point of sale. Visa’s network covers more than 175 million merchant locations in over 200 countries and territories. Nischint Sanghavi, Visa’s Head of Digital Currencies for APAC, described the aim as connecting new forms of value to established payment infrastructure.
Strategy, security and compliance
At a press conference at Raffles Hotel Singapore on October 8, Gate Founder and CEO Dr. Han set out the company’s direction. In an interview with CoinDesk, he said all-in-one financial apps could become one of crypto’s biggest consumer trends this year and next. He described the opportunity as turning crypto into a basic function of an everyday financial account.
Dr. Han named three priorities for the next three years: digital asset trading, Gate Money and stocks and other asset services. Trading stays the core business, with continued investment across spot, derivatives and on-chain products. Gate Money will develop fund management, payments, transfers and multi-currency accounts. He also said Gate Money should reduce cross-border transfer costs. He pointed to stablecoins, on-chain payments and digital securities as forces reshaping financial infrastructure.
On security, Dr. Han called security and compliance the “two cornerstones” of long-term development. Gate says it is strengthening access controls, risk monitoring, transaction controls and risk segregation across business lines. As of August 19, 2026, its Proof of Reserves showed $8.215 billion in total reserves and a 127% coverage ratio. That is above the 100% industry benchmark. The licensing footprint cited includes:
- a MiCA crypto-asset service license and a PSD2 Payment Institution license in Malta
- a full VARA license in Dubai
- registration in Australia
- locally compliant entities in markets such as Japan
- 37 state-level Money Transmitter Licenses held by Gate US, which serves customers across 47 U.S. states and territories
Gate says its compliance coverage spans 81 regulated jurisdictions.
Gate Gala and conference appearances
On the evening of October 8, Gate hosted its Gala Awards Dinner at Raffles Singapore, with Tencent Cloud as title sponsor. The event marked Gate’s 13th anniversary, and Gate says it now serves more than 61 million users. Nearly 300 founders, institutional representatives, investors, builders and content creators attended. Dr. Han delivered a keynote, toasted the launch of Gate Money and discussed asset growth. He cited declining cash purchasing power, management costs and professional barriers as user challenges. He said Gate Money lets users apply Earn and Staking within the same account.
Gate Futures CEO Brian Reisbeck gave a keynote titled “Building Gate in the USA.” He has more than 20 years of experience in financial crime prevention and regulatory strategy, including roles at a global digital asset exchange and at Robinhood. He described Gate Futures as a wholly owned subsidiary of Gate US. He said the unit will keep strengthening compliance, risk management and trading infrastructure for the derivatives market.
The gala’s awards recognized nearly 70 individuals and partners in three categories: “Voices of Influence,” “Growth & Ecosystem” and “Impact & Honors.” They covered areas from KOL outreach and channel development to institutional services, media, capital, compliance and risk management. Tencent Cloud representatives presented some of the awards.
Gate executives also appeared at two other events. On October 8, Executive Director Edwin Cheung joined the Hack Seasons Conference panel “The Payment Rails of 2030,” alongside representatives of Mercuryo, Mastercard, Hashgraph and Nethermind. He said wallets, exchanges, stablecoins, blockchains and AI agents are entering the payment ecosystem. He added that Gate has partnerships with multiple banks and financial institutions and is building a global payment network. On October 9, he moderated “Financial Products Tokenization: Stocks, Bonds, T-Bills, MMFs” at the RWA Summit. The discussion covered how traditional products are moving toward on-chain issuance and transfer.
Market data
DefiLlama figures place Gate near the top of several exchange rankings:
- Net inflows: Over 24 hours, OKX led with $32.7 million, followed by Gate with $22.38 million. Over one month, Gate ranks third with about $126 million. It recorded about $138 million over seven days and was positive across all three periods.
- Open interest: Over 24 hours, Binance leads with $33.225 billion, followed by Bybit with $13.986 billion and Gate with $13.247 billion.
Earn, trading and Launchpool campaigns
Gate’s promotional calendar is full. Phase 2 of the Idle Earn × Simple Earn event is live. Idle Earn runs from September 27 to October 27 (UTC). Users with net deposits of at least 10,000 USDT get a 1% bonus APR, for a total of 4%. At 50,000 USDT they get 2%, for a total of 5%. Both tiers apply to a maximum principal of 50,000 USDT. Simple Earn runs from September 28 to October 28 (UTC). VIP 3–VIP 14 users with cumulative net deposits of at least 100,000 USDT can subscribe to the USDT 7-day fixed-term product. They receive a 7.3% bonus on top of the 3.7% base APR, for up to 11% on up to 100,000 USDT.
Gate Futures Points Airdrop Round 152 runs from 10:00 to 15:59 (UTC) on October 9, first come, first served, with two pools:
- Pool 1: 15 points redeem 0.015 SPYG. Eligibility is a balance of 120 points, decreasing to 90, or more.
- Pool 2: 20 points redeem a 100 USDT position trial voucher, with a minimum balance of 40 points.
The Gate WCTC S9 Global Trading Competition opens registration at 08:00 UTC on October 9 and closes at 08:00 on October 26. Trading runs from October 26 to November 25. The prize pool reaches up to 6,000,000 USDT, unlocking with participation volume across Spot, ETF, Convert, Stocks, Futures and TradFi. Components include:
- a Squad Competition of up to 3.2 million USDT
- an Individual Competition of up to 400,000 USDT
- a BTC/USDT Event Contracts Battle with 5-minute prediction rounds
- the 725,000 USDT Lucky Launchpad
- a 1,000,000 USDT Ecosystem Trading Carnival
- a 275,000 USDT pool for new traders and squad activity
Five Launchpool projects are also live: BLKHION, CT, GT, XAUT and LAPTOP. The highest APRs are 313.06% on the LAPTOP pool and 187.64% on a BLKHION pool. Other pools offer single-digit returns:
- BLKHION: 30,400 BLKHION in rewards, with APRs of 6.67% (USDT), 187.64% (BLKGRWON) and 134.90% (MAG7XON).
- CT: 1,000,000 CT in rewards, with 6.57% (USDT), 86.43% (CT) and 2.91% (GT).
- GT: 18,400 GT in rewards, with 4.47% (ETH) and 2.85% (BTC).
- XAUT: 34 XAUT in rewards, with 6.62% (USDT), 9.99% (XAUT) and 6.94% (GT).
- LAPTOP: 1,289,608 LAPTOP in rewards, with 313.06% (LAPTOP) and 2.27% (BTC).
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
More articles
Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
