According to news on December 23, according to the crypto asset trading platform Gate.io and the Japan Financial Services Agency, Gate Group announced that its Singapore legal person Gate Information PTE. LTD. (CEO: Lin Han) has successfully acquired Coin, a Japanese crypto asset trading service provider. All issued shares of Master Co., Ltd. At the same time, Coin Master Co., Ltd. has changed its name to Gate Japan Co., Ltd. with immediate effect. Gate.io issued a statement on July 22, 2024. Since that day, it has stopped opening new accounts for users living in Japan and has gradually terminated global services for users in Japan. However, through this acquisition of Coin Master Co., Ltd., Gate Group hopes to provide Japanese domestic users with exclusive digital asset trading platform services that comply with local regulations in the future, and further promote localized business expansion in the Japanese market.