Gate founder shares insights on market trends, post-FTX developments, and global expansion strategies

In a recent interview with WuBlockchain, Lin Han – founder of the cryptocurrency exchange Gate – shared in-depth insights into the platform’s strategic direction amid volatile market conditions. He reflected on the lessons learned after the collapse of FTX, emphasizing the crucial role of the Proof of Reserves (PoR) mechanism in restoring user trust through financial transparency.

Lin Han also analyzed market trends in cryptocurrency, stating that although short-term volatility remains, the long-term growth prospects of the industry are undeniable. Additionally, he mentioned plans for legal compliance in the US, demonstrating a cautious yet proactive approach in the face of increasingly strict regulatory environments.

The discussion also touched on competitive pressures from new platforms like Hyperliquid, as well as Gate’s long-term vision regarding IPO and the possibility of acquiring a bank to foster deeper integration between crypto and traditional finance.