Gate Europe accelerates European market expansion, advancing MiCA compliance foundation and liquidity building in tandem

PANews reported on October 5, citing U.Today, that as the EU MiCA transition period ended on July 1, obtaining MiCA authorization has become an important foundation for crypto trading platforms to continue serving European users. Gate Europe obtained MiCA authorization before the end of the transition period and is expanding related services through the European Economic Area passporting mechanism. Gate data shows that between June 16 and September 22, the platform added at least 68 spot trading pairs, now covering approximately 190 assets and 382 trading pairs.

Citing CASP Tracker data, the article noted that as of September 28, 84 of the world's 100 largest crypto trading platforms still had not obtained MiCA authorization. Meanwhile, Gate Europe passed the PCI DSS v4.0.1 Level 1 compliance assessment on September 15, covering Gate Connect and Gate Card. Gate Europe CEO Dr. Giovanni Cunti said that security and compliance are key to building trusted payment services in Europe, and passing PCI DSS certification is an important step in strengthening payment infrastructure.

In terms of liquidity, Gate data shows that between September 14 and 27, the order book depth within 0.1% of the mid-price for BTC/USDC and ETH/USDC increased by approximately 14% and 12% respectively, reaching $1.32 million and $555,000. Meanwhile, DefiLlama MiCA exchange data shows that Gate Europe's spot market depth within 2% of the mid-price reached $15.9 million, higher than other platforms during the same period. Building on the compliance foundation established by its dual MiCA and Payment Institution (PI) licenses, Gate Europe will continue to improve asset coverage and liquidity building, providing European users with richer digital asset trading options and a better trading experience.