financemagnates.com
Crypto trading platform, Gate.io today announced the launch of an institutional services arm to expand its presence. Dubbed ‘Gate Institutional’, the new arm will focus on providing services to market makers and brokers.
According to the details shared by Gate.io, the newly launched institutional arm will provide essential tools to help institutions enhance their presence in the crypto market. Recently, the crypto trading platform introduced a campaign to assist brokers on the platform.
Established in 2013, Gate.io is one of the oldest crypto exchanges in the world. Amid rising interest in digital assets, Gate.io saw a sharp surge in the number of users during the last few years.
"More and more institutions are curious about cryptocurrencies and are looking to diversify their portfolios. To ease their access to crypto services, Gate.io launched Gate Institutional. Being a comprehensive crypto ecosystem, Gate Institutional will benefit a wider range of brokers and market makers,” a spokesperson of Gate.io commented on the recent launch.
Institutional Interest in Crypto
In the past few years, several leading companies in the crypto ecosystem introduced institutional arms to take advantage of the growing institutional interest in digital assets.
According to Gate.io, its institutional arm will play an important role in the company’s expansion. Gate.io is also planning to issue an exclusive NFT pass.
“Gate Institution's Broker and MM programs are key focuses for Gate.io as it looks to increase liquidity while continuing its expansion. Gate io's MM program supports some of the leading cryptocurrencies in the world with flexible trade strategies, a frequency of 900r/s for order placement, 5000r/s for order cancellations, and support for over 300 connections through WebSocket. Meanwhile, the Broker Program supports three types of brokers – Portal, API, and Exchange. Each type of broker will earn rewards and bonuses based on their platform use,” the company added.