Gate is repositioning itself around a new app that combines trading-related services with everyday money features, joining a growing effort by crypto companies to become broader consumer-finance platforms.
According to CoinDesk, Gate Money will allow users to hold and convert cash, cryptocurrencies, stocks, gold and other assets within one account, and spend from those holdings using a card. The company’s founder and chief executive, Lin Han, said Gate is aiming beyond professional traders and is particularly focused on reaching mainstream consumers in Asia.
The Cayman Islands-headquartered exchange has more than 60 million users and reported 24-hour trading volume of $2 billion in the source material. Its new strategy reflects a wider shift in the digital-asset industry: exchanges are trying to make crypto one component of an everyday financial account rather than the sole reason customers use their platforms.
Gate broadens its platform
Gate’s new app is designed to bring several functions together. Customers will be able to keep different types of assets in one account, convert between them and use a card to make payments. The company says this could allow users to spend from investments or other holdings without first maintaining a separate cash balance.
Han described the intended experience by saying a customer could buy a coffee using Nvidia stock. The example illustrates Gate’s ambition to let users pay from assets that would traditionally need to be sold or transferred before they could be used for ordinary spending.
The company has not detailed every operational aspect of that process. In particular, Han did not explain how Gate would price or execute conversions when the underlying markets are closed. He said the company intends to let users convert between holdings at any time, including outside normal stock-market hours. The unresolved mechanics are important because stocks and other assets may not trade continuously, while card payments generally need to be settled when they are made.
Han said Gate wants to reach a wider audience instead of remaining focused on people who are already experienced traders. He argued that bringing in non-crypto users represents the sector’s largest growth opportunity.
A crowded race for the “super app” model
Gate is entering a market where several established platforms are expanding beyond digital-asset trading. Coinbase has moved into investing, derivatives and banking services. Bybit is developing a European super app, while Robinhood’s U.K. offering combines crypto with stocks, ISAs, options and futures. Binance announced in July that it was pursuing a crypto super-app strategy.
The broader idea is to turn a trading account into a general-purpose financial hub. Instead of opening separate accounts for digital assets, securities, payments and savings, a customer would be able to access multiple services through one platform. In general terms, this model can make crypto less of a standalone activity and more of a feature inside a wider money-management product.
Han said Gate views Revolut, Cash App and Wise as more immediate competitors than conventional banks, although he also acknowledged competition from other crypto exchanges. His assessment is that crypto companies now possess the technology, licensing and banking relationships needed to offer services that were once associated mainly with banks and brokers.
Asia is a key target
Gate’s strategy places particular emphasis on Asia. Han said the region could be the largest market for the service because some consumers want access to U.S. stocks but face restrictions on international brokerage accounts. Gate’s proposed single-account model is intended to bring access to multiple asset types and payment functionality together.
The company’s expansion therefore goes beyond adding another trading product. It is seeking to change how customers use the platform: from buying and selling crypto to holding a mix of assets, converting between them and spending through a card.
The approach also creates questions that Gate will need to address as the product reaches consumers. These include the way conversions are handled when markets are closed, as well as the pricing of those transactions. The source material did not provide details of Gate Money’s fees or explain how the company will execute such conversions.
Moneyiar market picture
Moneyiar data at the stated times show mixed performance among the listed assets:
- Monad (MON) was priced at $0.0257550962 at 09:03 on October 8, 2026, down 3.87% over 24 hours and 20.09% over seven days.
- Ethereum Name Service (ENS) stood at $6.5863821038 at the same time, up 1.01% over 24 hours but down 4.77% over seven days.
- Nexus (NEX) was priced at $0.0000008119 at 09:04, up 0.42% over 24 hours and 0.09% over seven days.
- BAS stood at $0.0226742916 at 09:04, up 0.13% over 24 hours and down 5.87% over seven days.
These figures provide a snapshot of the market at those timestamps; they do not measure Gate Money’s performance or indicate how users will respond to the new app.
