Gate.io launches crypto service for Brokers and Market Makers
The Broker Program supports three types of brokers – Portal, API, and Exchange. Each type of broker will earn rewards and bonuses based on their platform use.
Gate.io has launched an institutional services arm that provides the tools needed to help institutions increase their crypto exposure.
“Gate Institutional” will cater to Market Makers (MM) and Brokers in a mixed time for the crypto industry: adoption has never been as high, but the current market crash has raised alarm among retail and institutional players.
“More and more institutions are curious about cryptocurrencies and are looking to diversify their portfolios. To ease their access to crypto services, Gate.io launched Gate Institutional. Being a comprehensive crypto ecosystem, Gate Institutional will benefit a wider range of brokers and market makers”, said the director of Business Development at Gate.io.
Brokers can earn rewards and bonuses with Gate.io’s service
Gate.io, which has recently launched a massive promotional campaign with $10 million in liquidity to support brokers on the platform, has developed programs for brokers and market makers as it looks to increase liquidity while continuing its expansion.
Gate io’s Market Maker program supports some of the leading cryptocurrencies in the world with flexible trade strategies, a frequency of 900r/s for order placement, 5000r/s for order cancellations, and support for over 300 connections through WebSocket.
The Broker Program supports three types of brokers – Portal, API, and Exchange. Each type of broker will earn rewards and bonuses based on their platform use.
The institutional arm will also issue an exclusive NFT pass, which users can hold to access Gate.io’s metaverse. In addition, the NFT has been upgraded with 3D capabilities and will allow users to obtain whitelist qualifications or direct airdrops.
Headquartered in the Marshall Islands, Gate.io stresses the importance of market makers, a key piece of the crypto chess as they provide liquidity to both decentralized and centralized exchanges. The digital asset exchange has more than 1,300 coins and tokens listed on its platform with over 10 million registered users.
As to the Market Maker Incentive Program, Gate.io aims to promote its premium services by offering rewards to top liquidity providers: from a $200,000 monthly prize pool to a free 30 day VIP+1 experience, interest free loans worth up to $4 million, exclusive COLO services with millisecond updates, and more.
In order to participate in this campaign, all accounts on Gate.io or new accounts from other platforms must have exceeded trading volumes of 3000 BTC in the preceding 30 days through either spot or contract trading, said the firm, adding that users with a VIP membership between Level 8 and Level 15 are invited to participate in the campaign.
The exchange offers spot, margin, futures and contract trading in addition to DeFi products through Hipo DeFi, custodial services through Wallet.io, investments through Gate Labs and its dedicated GateChain platform.
