Gate.io Pushes the Cause of Blockchain in Asia Forward

The turbulent crypto market and industry tension of 2022 has stressed the digital asset space and will be marked as one of the greatest tests of its resiliency. Sparing no effort, the global crypto exchange Gate.io has spent the better half of this year’s bear market working to advance and strengthen the blockchain industry during one of its toughest years.

Recently, as major collapses rattled the industry and impacted user confidence, Gate.io released its now industry-standard Proof of Reserves method as open source. In addition, Gate.io launched a $100 million industry support fund, welcoming its global peers to adopt the method and tap into the fund.

Gate.io leads the charge in Asia

Looking through a more regional lens, Gate.io has attached significant importance to Asia as several countries emerge as blockchain Petri dishes. As a result, Gate.io has actively supported blockchain development and built bridges throughout Asia’s blockchain industry.

In the South Korean City of Busan, a new government initiative to stimulate blockchain development is underway. This past October, Gate.io signed a memorandum of understanding with the City at Blockchain Week in Busan 2022, which saw commitments to jointly develop blockchain infrastructure, assist in the City’s stablecoin rollout, and establish an education centre.

To help stimulate a healthy regulatory environment and industry-regulator relationship, Gate.io attended the V20 2022 event in Bali, Indonesia, engaging with local and global regulatory leaders and policymakers focusing on digital assets. Similarly, Gate.io participated at the Bangkok World Blockchain Summit in Thailand, which also covered topics around industry regulation and emerging blockchain technologies.

Lastly, at Taipei Blockchain Week 2022 in Taiwan, Gate.io forged new partnerships to bolster industry cooperation in advancing Taiwan’s growing blockchain eco.

Taking action today for the future

“It’s imperative for us to focus on what moves the industry forward, not backward. We see huge potential for blockchain to benefit society, and our long-term outlook is positive. We are prepared for the market and industry to remerge in 2023 more resilient and refocused on the future,” said Dr. Lin Han, founder and CEO of Gate.io.

Despite the market conditions and a rapidly maturing regulatory environment amid industry turmoil, Gate.io has remained steadfast in pushing blockchain forward. Its actions in Asia and abroad have helped maintain the industry’s spark through significant hurdles this year and will aid in reigniting industry growth in 2023.