Gate.io is not closing, and has not been hacked, the team decided to dispel recent fears. The exchange stated that recent rumors of closing services are false.
Gate.io is one of the more prominent exchanges, offering price discovery mechanisms for multiple altcoins. The exchange hosts 400 trading pairs, and currently carries volumes above $42 million per day. The doubts about the exchange reflect fears about altcoin exchanges for relatively obscure assets, after markets like Nova Exchange closed. Following the Cryptopia hack, the fears about small-scale exchanges increased.
The Chinese sources spreading the news generated fears once again. However, Gate....