Gate (GT)

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Historical price evolution of Gate

Daily historical data. Updated automatically.

Gate has its origins in 2012, when Lin Han, a Doctor in Optoelectronics from a Canadian university with a postdoctorate in optics, discovered Bitcoin whilst developing optoelectronic software in Canada. His interest arose whilst investigating the scarcity of graphics cards for cryptocurrency mining. After suffering a scam that cost him 100 BTC, Lin Han was motivated to create a secure platform for cryptocurrency exchange.

In April 2013, Lin Han founded Bter.com in China, becoming one of the world's first cryptocurrency exchanges. The platform quickly established itself as an early reference point for altcoin trading, being one of the first exchanges to list Litecoin and Dogecoin. During its peak volume period, more than 90% of global Dogecoin trading and more than half of its circulating supply were concentrated on Bter. In 2014, the platform patented a hardware wallet with fingerprint authentication, one of the first innovations of this type in the sector.

The exchange faced its biggest security crisis in February 2015, when it suffered a hack that resulted in the theft of more than 7,000 BTC, equivalent to approximately 1.75 million dollars from its cold wallets. This event, the most serious in its history, prevented the exchange from being able to reimburse all affected users. Faced with Chinese regulatory restrictions on ICOs and cryptocurrencies implemented in 2017, Bter.com transformed into Gate.io under Gate Technology Inc., relocating its operations to the Cayman Islands (George Town). The platform adopted a global model and eliminated the yuan as the primary currency, migrating to a crypto-to-crypto model.

In 2019, Gate launched GateChain, its own public blockchain focused on asset security and decentralised applications. One year later, in 2020, it introduced its native token GT (GateToken) with a maximum supply of 300 million units, implementing a buyback and burn model where 20% of annual profits are allocated to repurchase GT on the open market and burn it. That same year, Gate became the first major exchange to offer 100% reserve auditing through Merkle trees and blockchain signatures, open source.

International expansion continued in October 2022, when Lin Han signed an agreement with the city of Busan (South Korea) to participate in the development of its blockchain ecosystem during the Blockchain Week Busan event. In 2024, Gate Group acquired Coin Master Co., Ltd., a Japanese exchange with regulatory licence in Japan, and became manga sponsor of FC Internazionale Milano for the 2024/25 season. In April 2025, Gate Technology FZE obtained full operating licence from VARA (Virtual Assets Regulatory Authority) in Dubai.

In May 2025, on the occasion of its 12th anniversary, Gate.io migrated to the Gate.com domain and adopted the international brand name "Gate", whilst Lin Han also introduced the Chinese name "Damen" (大门, "The Great Gate"). At that time, published total reserves amounted to 10,865 million dollars with a coverage ratio of 128.57%, and sponsorship of Oracle Red Bull Racing in Formula 1 began. By January 2026, the reserve coverage ratio increased to 125%, with total reserves of 9,478 million dollars, supporting almost 500 distinct types of user assets. In April 2026, GT reached an all-time high of 25.96 dollars (~70% increase since the beginning of the year), at which point more than 58% of GT's maximum supply had been burnt, and an audit was published with a reserve ratio of 115.69%.

Gate operates as a centralised cryptocurrency exchange that functions under the traditional custody model, where users deposit their assets in wallets controlled by the platform to carry out trading operations. Founded in 2013 as Bter.com and subsequently rebranded as Gate.io, the exchange processes transactions in more than 3,800 different cryptocurrencies through various financial products that include spot trading, futures contracts, margin operations, staking services, loans and wealth management. The platform implements a verifiable on-chain Proof of Reserves system using Merkle trees and blockchain signatures, periodically audited by the American firm Armanino LLP, which allows users to verify that Gate maintains sufficient reserves to back client deposits.

The native token GT (GateToken) functions as the central element of the Gate ecosystem, with a maximum supply established at 300 million units. The platform implements a deflationary mechanism whereby it allocates 20% of its annual profits to GT token buyback and burn programmes, having eliminated more than 58% of the original supply. GT operates as a multifunctional utility token: users can employ it to obtain discounts on trading fees, participate in staking programmes, and use it as gas for transactions on GateChain (Gate's own blockchain) and Gate Layer, its second layer solution. The Gate ecosystem extends beyond the main exchange and includes products such as Gate Web3 Wallet, Gate Pay for payments, Gate Card, OTC services, in addition to Gate VC for venture capital investments and incubation of blockchain sector startups.

Data verified against external sources. Some values may have changed since the last update.