Gate.io Joins Other Exchanges to Restrict US Traders

Gate.io, one of the smaller exchanges carrying niche coins and tokens, is restricting a series of markets for US customers. The cutoff date for trading those assets is June 30, and US-based traders are urged to move their funds as soon as possible.

The list of assets includes leading coins like Ripple’s and , but also tokens and other assets offering payouts. The reason for this is that digital assets that pay out a form of a dividend may be considered securities. This means that the NEO and GAS assets are now banned for US-based investors, as well as Ontology (ONT) and its reward token, ONG.

QTUM, WAVEX, and NEM (XEM) are also out of reach for traders, though those platforms simply offer a utility toke…

This article appeared first on Cryptovest

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