Digital assets infrastructure provider, Aquanow, and cryptocurrency exchange, Gate.io, have announced a strategic partnership aimed at enhancing global liquidity for the next generation of blockchain projects. With Gate.io boasting over $6 billion in daily trading volume and a user base of 13 million, the collaboration signals a notable move towards modernizing financial services through crypto technology.

Bridging Traditional and Digital Currency Markets

In a statement, Aquanow's CEO, Phil Sham, expressed enthusiasm about the partnership: “This collaboration with Gate.io, one of the top global exchanges, will play a pivotal role in expanding access to crypto markets."

“Working with Gate.io represents another step towards our goal of ushering in the modernization of financial services using crypto technology. We are proud to partner with an organization like Gate.io, which has cultivated a strong reputation amongst its 13 million users.”

The partnership between Aquanow and Gate.io is expected to contribute significantly to the development and growth of the crypto ecosystem. By leveraging Aquanow's expertise in digital assets infrastructure and Gate.io's user base and trading volume, the collaboration aims to create a seamless solution that bridges the traditional and digital currency markets.

Gate.io's CEO, Lin Han, echoed the sentiment: "Teaming up with Aquanow, a leader in the crypto market, marks a significant milestone in our foundational work and growth. At Gate.io, our unwavering commitment is to uphold an all-encompassing exchange that provides a seamless trading experience for a diverse range of traders. Together with Aquanow, our collaboration is set to play a critical role in bridging the traditional and digital currency markets, offering users a comprehensive and innovative solution."

Gate.io Seeks VASP License in Hong Kong

Finance Magnates reported earlier that Gate Group, the owner of Gate.io crypto exchange, applied for regulatory approval with the Securities and Futures Commission in Hong Kong. Seeking the Virtual Asset Service Provider License, the company aims to trade non-security tokens and plans to apply for licenses under the Securities and Futures Ordinance for securities dealing and automated trading services.

Having obtained a Trust and Corporate Service Provider license, Gate.io aims to comply with Hong Kong's licensing requirements. The company emphasizes maintaining high security and regulatory standards to foster customer trust and contribute to the Web3 ecosystem's development.