Cryptocurrency exchange Gate.io’s subsidiary Gate US has announced that it will launch its services in the United States, barring New York, Hawaii, and Puerto Rico states. However, it has not given any timeline as to when its services will be available in the US. Gate US has received licenses to operate in several US states, the company said in a press release.
“Gate US is committed to regulatory compliance. In alignment with such commitments, Gate US has proactively registered as a money services business with FinCEN and obtained some money transmission licenses or similar to operate, and is currently working to obtain more,” Dr. Lin Han, Founder and President of Gate US as well as Gate Group, said in the PR.
Launched in March 2022, Gate US is meant exclusively for US users. But it has not been granted a license for New York, Hawaii, and Puerto Rico.
“Gate US may not be available in your state yet but we’re working as quickly as possible to acquire the necessary licenses to operate nationwide. Please check back soon to see if we are operating in your state,” Gate US said on its website, which still has only the home page with a small message and no menu.
Earlier this year, several of Gate.io’s US customers complained that their accounts are no longer operational. Gate.io which has its headquarters in Malta is not available in many jurisdictions including the US. The company has now registered its subsidiary in the US to offer its services to US customers.
