- Gate.io has revamped its institutional and high-net-worth individual (HNWI) services to provide a comprehensive “one-stop shop” for crypto trading and other financial services.
- The offering includes advanced over-the-counter (OTC) trading, seamless on- and off-ramp services, and instant block trading capabilities.
- Gate.io’s Global Head of OTC, Edwin Cheung, recently discussed the enhanced services in an AMA with Rug Radio creator Ashley, emphasizing the platform’s wide range of offerings.
Gate.io launches a comprehensive all-in-one solution for institutional clients and high-net-worth individuals, featuring advanced OTC trading and seamless on- and off-ramp services.
Revolutionizing Institutional Crypto Trading
Gate.io has taken a significant step forward in its service offerings by introducing a comprehensive suite geared towards institutional clients and HNWIs. Edwin Cheung, the company’s Global Head of OTC, detailed the new services in a recent AMA session. He highlighted that the platform is not just for crypto trading but also serves as a gateway for clients to cash out their profits seamlessly via on- and off-ramp services.
Enhanced OTC Trading and Fiat Settlements
Cheung elaborated that Gate.io’s OTC service has integrated with various top-tier liquidity pools, allowing for highly competitive market quotes for major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and other less liquid altcoins. Over the past couple of years, Gate.io has seen significant growth in OTC service volumes, especially in the Middle East and Southeast Asia. The platform now offers seamless fiat settlements in multiple currencies, including USD and EUR.
A Surge in Corporate Clientele
The growing interest from corporate clients is not just limited to crypto investments but also encompasses payments and cross-border remittances. Traditional finance companies, particularly those involved in export and import logistics, have started utilizing stablecoins for instant and borderless cross-border settlements instead of traditional banking systems like SWIFT.
Impact of Meme Coins on Retail Side
On the retail front, the recent surge in meme coin popularity has generated additional interest in OTC trading. Many projects and early investors leverage OTC services to convert their altcoins into fiat currency. Gate.io provides liquidity support and facilitates on/off-ramp needs for these projects, further making the OTC platform an attractive option for various market participants.
Advanced User Experience and Competitive Quotations
In 2023, Gate.io upgraded its OTC platform with an overhauled user interface and an interactive user experience. The platform promises competitive quotations and multiple options for different client needs. Retail users with smaller transactions can utilize Gate Connect for one-click crypto-to-fiat exchanges using Visa and Mastercard. Meanwhile, institutional clients and HNWIs with trades over $120,000 benefit from bespoke OTC services, featuring secure bank transfers and a convenient currency exchange solution.
Conclusion
Gate.io’s enhanced service offerings mark a significant milestone for institutional and high-net-worth clients in the crypto space. By providing a comprehensive, seamless, and user-friendly platform, Gate.io is positioning itself as a leading player in the market. These advanced services not only meet the trading needs of professional investors but also offer efficient solutions for cross-border settlements and corporate payments.
