Gate Group Acquires Japanese Crypto Service Provider 'Coin Master'

On the 26th (local time), according to the crypto-specialized media Crypto Briefing, Gate Group, the operator of the Chinese crypto exchange Gate.io, has acquired all shares of the Japanese crypto service provider Coin Master. This move is aimed at officially entering the Japanese market, and Gate Group explained that it will not only solidify its position in Japan but also offer a more localized, user-centric approach to the Japanese crypto market. Previously, in July, Gate.io announced that it would suspend services in Japan, stating that "we are undergoing procedures to obtain an official Japanese license."