Gate rebrands around Gate Money app bundling accounts, conversion and card spending

CoinDesk reports that Gate has rebranded around a new app called Gate Money, which combines accounts, asset conversion, savings and card payments as the exchange looks past its trading base. Under the app, users can hold and convert cash, cryptocurrencies, stocks, gold and other assets in a single account and then spend from those holdings with a card, CoinDesk says. Gate founder and CEO Lin Han told CoinDesk the company is targeting mainstream consumers, particularly in Asia, and predicted that all-in-one money apps will be among the biggest consumer trends in the coming year. CoinDesk also notes that Lin Han did not say how Gate would price or execute conversions when the underlying markets are closed. The Cayman Islands-headquartered firm has $2 billion in 24-hour trading volume and more than 60 million users. CoinDesk lists rivals moving the same way: Coinbase expanding into investing, derivatives and banking, Bybit building a European super app, Robinhood's U.K. offering combining crypto with stocks, ISAs, options and futures, and Binance announcing its bet on a crypto super app.