The firm joins Binance, Huobi and FTX in inking paperwork with the city as it develops its nascent crypto market. Crypto exchange Gate.io signed a memorandum of understanding (MoU) on Wednesday with the South Korean city of Busan to help develop blockchain infrastructure in the city.

Gate.io aims to have a very strong security system as an ecosystem – not only for CEX, but also for Web3. We want to figure out everything that’s possible to attack you.

Gate.io, a leading crypto exchange and Web3 innovator, has released its January 2024 Proof of Reserves (PoR), verifiably demonstrating $4.3 billion in total held assets.