Crypto exchange Gate has launched spot trading services in the United States, marking its entry into the US market for the first time. The company, founded in 2013 by Lin Han, a Chinese scientist, attributed this move to improved regulatory clarity in the country. Initially, Gate will offer crypto trading pairs to US customers and plans to introduce fiat on- and off-ramps along with custodial wallet support.

As of July 24, Gate provided over 3,800 trading pairs on its platform and reported a spot trading volume of $6.8 billion within a 24-hour period. The exchange highlighted the United States' significant role in global digital finance regulation and innovation as key factors for its decision to enter this market.

The launch comes at a time when other crypto exchanges are also reentering the US market due to clearer regulations. Recent legislative efforts have aimed at establishing a more defined regulatory framework for digital assets. Notably, exchanges like OKX and Binance.US have been making moves to restart their services following various legal challenges.

According to Chainalysis data, between July 2023 and June 2024, the US received over $750 billion in crypto value—far surpassing other nations such as the United Kingdom and Russia. Additionally, research indicated that about 28% of American adults owned cryptocurrency by 2025, with many planning further investments.

Original article

Here is my assessment of the article's value to a normal person:

Actionable Information: The article does not provide any immediate, clear steps or instructions for readers to take. It announces Gate's entry into the US market and mentions future plans, but these are not actionable for the average reader. There are no tools or resources mentioned that readers can access or utilize right away.

Educational Depth: While the article shares some interesting facts and figures, such as Gate's trading volume and the US crypto market's size, it does not delve deeply into the "why" or "how" behind these numbers. It lacks an educational component that would help readers understand the broader context or implications of these statistics.

Personal Relevance: The topic of crypto exchanges and their regulatory challenges may be of interest to those already involved in the crypto space or those considering investing in digital assets. However, for the average person, the article's content may not directly impact their daily lives or decisions. It does not provide information that would help readers navigate their personal finances, health, or other aspects of their lives.

Public Service Function: The article does not serve a clear public service role. It does not provide official warnings, safety guidelines, or emergency contacts. While it mentions regulatory clarity and legislative efforts, it does not offer any practical advice or tools for readers to navigate these issues.

Practicality of Advice: As mentioned, the article does not offer any advice or tips. Therefore, it cannot be assessed for practicality.

Long-Term Impact: The article's focus on Gate's entry into the US market and the broader crypto regulatory landscape does not provide long-term strategies or plans that would benefit readers. It does not offer insights or actions that could help readers plan for the future or make informed, lasting decisions.

Emotional or Psychological Impact: The article is largely factual and does not aim to evoke strong emotions. It presents information in a straightforward manner, which may not inspire readers to take action or feel empowered.

Clickbait or Ad-Driven Words: The article does not use sensational language or make exaggerated claims. It presents the information in a relatively neutral tone, focusing on facts and figures.

Missed Chances to Teach or Guide: The article could have been more helpful by providing a basic guide to crypto regulations in the US, especially for newcomers to the space. It could have included links to trusted resources or offered simple steps for readers to learn more about crypto investing and the regulatory environment. Additionally, a brief explanation of the potential risks and rewards of crypto investing would have added value.

In summary, the article provides some interesting insights into the crypto market and regulatory landscape but fails to offer real value to the average reader in terms of actionable steps, educational depth, or practical advice. It could have been more helpful by providing a beginner's guide to crypto investing and regulations, along with resources for further learning.

The text describes the expansion of a crypto exchange, Gate, into the United States, highlighting its potential impact on the digital finance landscape. While this development may have economic implications, it is essential to analyze its effects on the fabric of local communities and the fundamental bonds that sustain them.

The entry of Gate into the US market, driven by improved regulatory clarity, could inadvertently shift the focus and responsibilities of families and clans away from their core duties. The allure of crypto trading and the potential for financial gain might distract parents and elders from their primary roles in nurturing and guiding the next generation. This distraction could lead to a neglect of traditional family duties, impacting the upbringing and education of children, which are crucial for the continuity and strength of the clan.

Furthermore, the introduction of crypto trading pairs and the potential for significant financial transactions could create an environment of economic uncertainty and dependency. The volatility of the crypto market might lead to financial instability, affecting the ability of families to provide for their basic needs and plan for the future. This instability could fracture the cohesion and resilience of local communities, as families struggle to fulfill their survival duties and care for their kin.

The text also mentions the significant crypto value received by the US, surpassing other nations. While this may indicate economic growth, it does not necessarily translate to the well-being and protection of children and elders within these communities. The focus on crypto transactions and digital finance could divert attention and resources away from the fundamental needs of the people, such as access to quality education, healthcare, and a stable environment for raising families.

The reentry of other crypto exchanges into the US market, following legal challenges, further underscores the potential for disruption to local kinship bonds. The pursuit of regulatory clarity and the restart of services may create an atmosphere of uncertainty and confusion, impacting the trust and responsibility within families and communities. This uncertainty could lead to a breakdown of social structures, affecting the ability of clans to uphold their traditional duties and care for their members.

The data indicating a rise in crypto ownership among American adults also warrants scrutiny. While it may reflect a growing interest in digital assets, it does not necessarily equate to a commitment to the survival and well-being of the clan. The allure of crypto investments could distract individuals from their natural duties to raise children, care for elders, and protect the vulnerable. This distraction could lead to a decline in birth rates, undermining the continuity of the people and the stewardship of the land.

In conclusion, the expansion of crypto exchanges into the US market, as described in the text, poses a significant risk to the strength and survival of local communities. The focus on digital finance and the potential for economic disruption could weaken the bonds of kinship, distract families from their core duties, and undermine the protection and care of children and elders. If these ideas and behaviors spread unchecked, the consequences could be dire: a decline in birth rates, a breakdown of community trust, and a failure to uphold the ancestral duties of stewardship and survival. It is essential to recognize these potential pitfalls and prioritize the fundamental responsibilities of family and clan over the allure of modern financial innovations.

"The company, founded in 2013 by Lin Han, a Chinese scientist, attributed this move to improved regulatory clarity in the country."

This sentence shows a bias towards Gate's decision to enter the US market. By highlighting Lin Han's background as a "Chinese scientist," it creates a positive association with the company's founder and implies that his expertise and background are a factor in the successful launch. This bias favors Gate and Lin Han, presenting them in a favorable light.

"The exchange highlighted the United States' significant role in global digital finance regulation and innovation as key factors for its decision to enter this market."

Here, the exchange's choice of words emphasizes the importance and influence of the United States in the digital finance industry. By using phrases like "significant role" and "key factors," it portrays the US market as an attractive and influential destination for crypto exchanges. This bias benefits the US market and its reputation as a leader in digital finance.

"Recent legislative efforts have aimed at establishing a more defined regulatory framework for digital assets."

The text suggests that legislative efforts are focused on creating a clear and stable regulatory environment for digital assets. By using the phrase "more defined," it implies that previous regulations were lacking or unclear. This bias favors the idea of regulation and presents it as a positive step towards a stable crypto market.

"According to Chainalysis data, between July 2023 and June 2024, the US received over $750 billion in crypto value—far surpassing other nations such as the United Kingdom and Russia."

This sentence showcases a bias towards the US market's dominance in crypto transactions. By comparing the US to other nations and highlighting its significant crypto value, it creates a sense of superiority. The use of "far surpassing" emphasizes the gap between the US and other countries, favoring the US market's position.

"Research indicated that about 28% of American adults owned cryptocurrency by 2025, with many planning further investments."

The text presents a positive outlook for crypto adoption in the US. By stating that "many" Americans plan further investments, it creates a sense of growing interest and acceptance. This bias supports the idea that crypto is gaining mainstream acceptance and popularity, benefiting the crypto industry as a whole.

The text primarily conveys a sense of excitement and optimism regarding the launch of Gate's spot trading services in the United States. This emotion is evident in the company's attribution of its expansion to improved regulatory clarity, suggesting a positive outlook on the country's crypto market. The mention of Gate's ambitious plans, such as offering crypto trading pairs and introducing fiat on- and off-ramps, further emphasizes this excitement and the potential for growth.

The text also hints at a sense of relief and satisfaction, especially for those in the crypto community, as the launch comes at a time when clearer regulations are encouraging other exchanges to reenter the US market. This relief is likely shared by investors and enthusiasts who have been awaiting a more stable and defined regulatory environment.

The inclusion of statistics, such as the $750 billion in crypto value received by the US and the increasing ownership of cryptocurrency among American adults, serves to reinforce this positive sentiment. These figures highlight the potential for significant growth and the attractiveness of the US market, which is likely to inspire confidence and encourage further investment.

The writer's choice of words, such as "marking its entry," "significant role," and "key factors," adds emphasis and a sense of importance to the news. The repetition of the word "crypto" throughout the text also draws attention to the central theme and creates a sense of familiarity and comfort for readers who may be interested in or already involved in the crypto space.

By presenting a positive and optimistic narrative, the text aims to create a sense of trust and encourage readers to view Gate's expansion favorably. The emotional tone guides readers towards a perception of the US crypto market as an attractive and promising opportunity, which could influence their investment decisions or interest in the company's services. The use of emotional language and persuasive techniques helps to shape the reader's perception and potentially sway their opinions towards a more positive view of Gate and the crypto industry as a whole.