Gate Bets on Super App With Stocks and Crypto
Gate is expanding from a crypto exchange into an all-in-one money app with stocks, gold, and cash. That puts the company in the race with Revolut, Cash App, and Wise.
Key Takeaways
- Gate is launching Gate Money, which lets users hold and convert crypto, stocks, gold, and cash in one account.
- CEO Lin Han wants to turn Gate into a payments and savings app for everyday money use, not just active trading.
- Gate is positioning itself as a competitor to fintechs and exchanges like Revolut, Cash App, Wise, Coinbase, Bybit, and Binance.
Gate is taking another step toward a broader consumer app with Gate Money. With this new service, users can hold and convert crypto, stocks, gold, and cash in one account. The crypto company wants to go beyond trading and is aiming for a payments and savings experience that looks more like a fintech app than a classic crypto exchange.
Gate Focuses on Everyday Money Use
CEO and founder Lin Han told CoinDesk that Gate does not just want to serve traders, but also a much broader group of users. According to him, it is time for crypto companies to be used not only for active trading, but also for everyday payments and money management.
Gate says users will soon be able to convert holdings at any time of day, even outside normal market hours. The company did not say exactly how those conversions will be priced or executed when markets are closed. Han also went as far as to promise that users could spend without first holding cash, for example by making a purchase with Nvidia shares.
Competition With Fintech and Exchanges
The move fits into a broader race among major crypto companies to turn a trading platform into an all-in-one money app. Coinbase has already expanded into investing, derivatives, and banking, while Bybit is working on a European super app. Binance made a similar move in July with its own super app plans.
Han specifically named companies like Revolut, Cash App, and Wise as direct competitors. He also pointed to growing demand in Asia, where many retail investors are interested in U.S. stocks, but do not always have easy access to them through traditional brokers.
Why This Matters for Europe
For European crypto users, this move shows how quickly the line between crypto, investing, and payments is blurring. That matters in a market where regulated platforms are increasingly offering multiple investment products in one app, while users also expect more convenience and faster access. The rise of these kinds of super apps could also put pressure on how crypto exchanges structure their services, licenses, and banking relationships in Europe. The broader shift toward stocks and commodities also shows that exchanges are increasingly trying to keep users inside one platform.
