Gate Launches Gate Money as Crypto Super App Race Heats Up

Gate is expanding beyond cryptocurrency trading with the launch of “Gate Money,” joining a growing group of crypto platforms betting that all-in-one financial apps will become a major consumer trend.

The Cayman Islands-headquartered crypto exchange, which has more than 60 million users and around $2 billion in 24-hour trading volume, is seeking to turn traditional trading accounts into broader everyday money platforms.

Gate CEO and founder Lin Han said the company’s new app will allow users to hold and convert cash, cryptocurrencies, stocks, gold and other assets within one account. Customers will also be able to spend from those holdings using a payment card.

“We don’t want to stay with a small group of people who are professional at trading,” Han said. “We want to provide this product to a wider range of customers.”

Gate’s strategy reflects a broader shift across the crypto industry. Coinbase has expanded into investing, derivatives and banking services, while Bybit is developing a European super app. Robinhood’s U.K. platform combines crypto with stocks, ISAs, options and futures, while Binance announced its own crypto super-app ambitions in July.

Han believes the next phase of growth will come from attracting consumers who are not primarily crypto traders. Gate plans to let customers convert between different holdings at any time, including outside regular stock-market hours, although Han did not explain how conversions involving closed markets would be priced or executed.

One of Gate Money’s most ambitious features would allow customers to spend investments without first converting them into a cash balance.

“You can buy a cup of coffee with Nvidia stock,” Han said. “You cannot do that with any app in the world right now.”

Han sees particularly strong potential in Asia, where some consumers face restrictions when trying to access U.S. stocks through international brokerage accounts.

Rather than traditional banks, Gate views fintech platforms such as Revolut, Cash App and Wise as its most immediate competitors. Han said crypto companies increasingly have the technology, regulatory licenses and banking partnerships needed to offer financial services traditionally dominated by banks and brokers.