Gate.HK Officially Joins the Institute of Web 3.0 Hong Kong, Fostering a Global Digital Asset Hub

HONG KONG, July 7, 2023 /PRNewswire/ -- Gate.HK, the Hong Kong virtual asset exchange, today announced its official affiliation with the Institute of Web 3.0 Hong Kong, a move that underscores the company's commitment to fostering a world-leading digital asset hub. Following its successful launch and initiation of operations in May 2023, Gate.HK has now become an integral part of the newly established Institute of Web 3.0 Hong Kong.

The affiliation holds substantial significance for both Gate.HK and the wider digital asset ecosystem. "We are honored to join the Institute of Web 3.0 Hong Kong and collaborate with other industry leaders to build the global Web 3.0 standards. With its expertise and abundant resources, Gate.HK will contribute to making Hong Kong a leading digital financial center worldwide," said Kevin Lee, CEO of Gate.HK. "We believe that this strategic partnership will bring significant advancements in Web 3.0 technology and usher in a new era of prosperity for the entire industry."

The Hong Kong government actively supports the development of the Web 3.0 industry and has allocated HKD 50 million for the development of the Web 3.0 ecosystem. Former CEO of the Hong Kong Monetary Authority, Norman Chan Tak-lam, has been appointed as the Chairman of the Council of the Institute of Web 3.0 Hong Kong. The association is committed to driving technological transformation and industry upgrades, establishing industry standards, providing strategic guidance for the future development of the industry through professional research and extensive consultation, and collaborating with the government to implement relevant policies.

As a part of the Institute of Web 3.0 Hong Kong, Gate.HK is set to play a pivotal role in shaping the future of the Web 3.0 landscape. The platform will leverage its robust technology stack, and in-depth industry knowledge, to introduce pioneering Web 3.0 services.

Gate.HK now offers virtual asset deposits and withdrawals, as well as spot trading on various virtual assets such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). In the future, the platform will roll out various other services to provide a more extensive range of trading choices, tailoring each new product and service to meet the needs of users and the regulatory requirements in Hong Kong.

Looking into the future, Gate.HK will collaborate closely with other members of the Institute and the government to ensure the sustainable and responsible growth of the Web 3.0 industry, reinforcing its commitment to deliver secure, compliant, and innovative virtual asset services.

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SOURCE Gate.HK