Gate.io Acquires Japanese Crypto Provider Coin Master

Gate.io, a global cryptocurrency exchange, announced that it has acquired all shares of Coin Master Co., Ltd., a Japanese crypto service provider. This acquisition, executed through Gate Japan K.K., a subsidiary of the Singapore-based Gate Group, marks a strategic move to strengthen Gate Group's presence in Japan.

As of this week, Coin Master Co., Ltd. will undergo a rebranding and operate under the name Gate Japan K.K. This acquisition follows Gate.io's earlier decision to stop accepting new users from Japan and to scale down its operations in the country. This move, which was announced in July 2024, aligns with Gate.io's efforts to comply with Japan's evolving regulatory environment.

The acquisition is seen as a response to Japan's growing regulatory framework for digital assets. Gate Japan K.K. intends to offer services tailored to Japanese users while ensuring full compliance with local regulations. The company has emphasized its commitment to transparency and regulatory adherence as it aims to enhance the trading experience for Japanese customers.

A representative from Gate Japan K.K. stated, "We are excited about the opportunity to deliver innovative products and services to the Japanese market, leveraging the global resources of Gate Group to provide a safe and compliant trading environment."