Another exchange has decided the future is a money app, not an order book.
Per CoinDesk, Gate unveiled Gate Money in Singapore: one account to hold and convert cash, crypto, stocks and gold, with a card to spend from any of them. CEO Lin Han put it bluntly: "You can buy a cup of coffee with Nvidia stock." Gate has over 60 million users and about $2 billion in daily volume, per CoinDesk, and Han named Revolut, Cash App and Wise as the real competitors.
The open question is pricing: Gate did not explain how it values a stock conversion when the stock market is closed. $GT trades near $10.79, down about 2.6%, per CoinGecko.
💬 Do you want your exchange to become your bank, or to stay an exchange?
#Gate #SuperApp
Per CoinDesk, Gate unveiled Gate Money in Singapore: one account to hold and convert cash, crypto, stocks and gold, with a card to spend from any of them. CEO Lin Han put it bluntly: "You can buy a cup of coffee with Nvidia stock." Gate has over 60 million users and about $2 billion in daily volume, per CoinDesk, and Han named Revolut, Cash App and Wise as the real competitors.
The open question is pricing: Gate did not explain how it values a stock conversion when the stock market is closed. $GT trades near $10.79, down about 2.6%, per CoinGecko.
💬 Do you want your exchange to become your bank, or to stay an exchange?
#Gate #SuperApp