Gate Group announced the acquisition of Coin Master Corporation, officially entering the Japanese market

On December 23rd, according to the crypto asset trading platform Gate.io and the Japanese Financial Services Agency's announcement today, Gate Group announced that its Singaporean legal entity Gate Information PTE. LTD. (CEO: Lin Han) has successfully acquired all the issued shares of Coin Master Co., Ltd., a Japanese crypto asset trading service provider. At the same time, Coin Master Co., Ltd. has changed its name to Gate Japan Co., Ltd. from now on.
Gate.io announced on July 22, 2024 that it has stopped opening new accounts for users residing in Japan and gradually terminated global services for users in Japan. However, through this 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 localization of business in the Japanese market.