Gate.io and the Financial Services Agency of Japan (FSA) announced that Gate Group has acquired all shares of Coin Master Co., Ltd., a Japanese cryptocurrency service provider. The acquisition was executed through Gate Japan K.K., a Singaporean entity within the Gate Group. As of today (Tuesday), Coin Master Co., Ltd. will be rebranded as Gate Japan K.K.

This acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term follows Gate.io's decision, announced on July 22, 2024, to stop opening new accounts for Japanese users and gradually scale down its global services in Japan. This move is part of Gate.io’s efforts to comply with local laws and regulations.

Gate Group Expands with Acquisition

Japan’s regulatory framework for digital assets is growing, and Gate Group aims to align with these changes. The acquisition of Coin Master Co., Ltd. is seen as a step towards providing a localized trading platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term for Japanese users. Gate Japan K.K will offer services that comply with Japanese regulations, with a focus on transparency and regulatory compliance.

The move is part of Gate Group’s broader strategy to expand its presence in Japan, a key market in the global digital asset industry. According to Gate Japan K.K, it aims to deliver innovative products and services to local users, leveraging the global resources and technology of Gate Group to enhance the trading experience.