The firm joins Binance, Huobi and FTX in inking paperwork with the city as it develops its nascent crypto market. Crypto exchange Gate.io signed a memorandum of understanding (MoU) on Wednesday with the South Korean city of Busan to help develop blockchain infrastructure in the city.

With investors moving their funds away from exchanges into self-custody, market liquidity is an immediate threat to struggling crypto businesses.

As the 10th anniversary of Gate.io is celebrated, it's an ideal time to take a step back and reflect on the journey of this cryptocurrency exchange sector titan. Despite the tumultuous waters and unpredictable turns of the crypto industry over the past decade, Gate.io has not merely survived but flourished, carving out a strong brand identity and a competitive edge in the market.