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Gate US adds Florida license, expanding the U.S. compliance map to 47 jurisdictions

Gate US has officially obtained the Money Transmitter License (MTL) in the state of Florida, increasing the number of state-level licenses to 36 and further expanding its compliant operational scope to 47 jurisdictions in the United States. This approval enhances Gate US's regulatory layout in the U.S. market and reflects the platform's ongoing commitment to advancing its global compliance strategy and strengthening its localized operational capabilities.As one of the important financial and digital asset markets in the United States, Florida has strict requirements for licensed institutions in terms of compliance management, risk control, and operational capabilities. The acquisition of this license marks a significant new progress for Gate US in building its regulatory compliance system. Previously, Gate US's operations had covered multiple jurisdictions, including Illinois, Ohio, Michigan, North Carolina, Georgia, Arizona, Pennsylvania, and Maine, providing compliant and stable digital asset-related services to local users while adhering to the regulatory requirements of each state.Currently, multiple entities under Gate have completed relevant regulatory registrations, license applications, or obtained authorizations and approvals in jurisdictions such as Malta, the Bahamas, Japan, the United States, Australia, and Dubai. In the future, Gate US will continue to uphold a long-term development strategy focused on safety, transparency, and compliance, further solidifying the platform's capability to conduct compliant business in the U.S. market and providing users with safer, more transparent, and reliable digital asset services.

first_img Pantera Capital: Hyperliquid's potential addressable market daily trading volume is approximately $100 trillion, with regulation remaining the biggest risk

According to a post by the cryptocurrency venture capital fund Pantera Capital, Hyperliquid's potential addressable market size is approximately $100 trillion in nominal daily trading volume, which includes about $200 billion in 0DTE options and leveraged ETF trading, around $2 trillion in commodity derivatives trading, and approximately $8 trillion in foreign exchange derivatives trading, which is currently almost entirely off-chain.Pantera stated that if Hyperliquid can consistently capture a low single-digit share of the aforementioned comprehensive trading volume, its revenue potential could reach up to five times the current level. It is estimated that if the HIP-3 market is calculated at an annualized nominal trading volume of $36.5 trillion and captures a 1% market share, under the assumption of a 2 basis points comprehensive fee rate and a 50% Hyperliquid economic split, Hyperliquid could generate approximately $3.7 billion in revenue.However, Pantera also pointed out that regulation is the biggest risk facing Hyperliquid. Perpetual contracts are not yet fully open in the United States, and if the U.S. pushes for the legalization of related products and launches regulated platforms in the future, Hyperliquid may face more intense competition, and some U.S. user trading volume may also shift to compliant venues. Pantera also believes that Hyperliquid may eventually launch a regulated version for the U.S. market, similar to other platforms.
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