Gate.io Limits Access to Derivatives for EU Traders
Date: 2025-05-07 Author: Gabriel Deangelo Categories: BUSINESS
The Gate.io cryptocurrency platform has notified its clients from the European Union about upcoming changes in trading conditions. According to letters received by traders, access to derivative instruments, including futures and perpetual contracts, will be limited. At the same time, the ability to carry out spot trading will remain unchanged.
As noted in the Gate.io message, users from the EU who already have open positions in options will not be able to open new ones. They are asked to close or cancel active positions in these products before June 30 of this year. Otherwise, the platform will be forced to liquidate positions automatically on behalf of clients.
Representatives of the exchange apologized for the inconvenience caused and emphasized that these measures are forced. According to the Gate.io team, the company strives to comply with the requirements of regulators and works in close cooperation with EU supervisory authorities, which is what caused the restrictions.
This move by Gate.io fits into the general trend of tightening cryptocurrency trading rules in Europe. Last year, the American exchange Kraken stopped supporting the privacy token Monero (XMR) for EU users. In April of this year, the largest crypto exchange Binance also restricted trading - this time, spot trading of the stablecoin USDT was suspended.
All these actions are taking place against the backdrop of the entry into force of the pan-European law MiCA (Markets in Crypto-Assets), aimed at regulating the cryptocurrency market and increasing the transparency of transactions with digital assets. Exchanges are forced to adapt to the new conditions in order to avoid legal risks and ensure continued operation in the European jurisdiction.
