Gate.io Harnesses Sumsub for Enhanced Identity Verification, Anti-Fraud and Compliance

Gate.io
3 min readJul 7, 2023

Gate.io, a pioneering virtual asset service provider, has joined forces with Sumsub, a full-cycle verification platform providing curated solutions for know-your-customer (KYC), know-your-business (KYB), anti-money laundering (AML), and transaction monitoring.

Sumsub is a world-leading verification provider with an array of ID verification, KYC/AML, and other anti-fraud services that enhance Gate.io’s ability to operate in compliance with regional and global regulations while maintaining a safe and smooth onboarding experience for millions of crypto users.

Gate.io decided on Sumsub as its core partner for its adherence to high service standards. The partnership fortifies Gate.io’s ongoing commitment to staying on top of the dynamic regulatory environment, both on a regional and international level. Sumsub’s top-tier services strengthen Gate.io’s ability to meet and exceed AML screening, KYC, and Travel Rule requirements integrated throughout its innovative blockchain services and solutions.

“We are thrilled to start working with Sumsub, a global leader in identity verification, anti-fraud and compliance. Gate.io always prioritizes asset security as well as meeting regulatory requirements to best safeguard users’ assets. With Sumsub, we’re confident that our crypto exchange platform will stay fully compliant in the evolving AML regulatory landscape. By implementing Sumsub’s KYC, AML screening as well as Travel Rule solutions across Gate Group, we make sure to provide the best user experience possible to our global customers,” adds Dr. Han Lin, Founder and CEO of Gate Group.

“We are deeply grateful for our collaboration with Gate.io, a leading digital asset trading platform,” says Peter Sever, co-founder and Chief Strategy Officer of Sumsub. “At Sumsub, our mission is to provide cutting-edge verification solutions, and we are proud to support Gate.io in their commitment to creating a secure and seamless experience for crypto users all over the world.”

About Sumsub

Sumsub is a full-cycle verification platform securing the whole user journey. With Sumsub’s customizable KYC, KYB, transaction monitoring and fraud prevention solutions, you can orchestrate your verification process, welcome more customers worldwide, meet compliance requirements, reduce costs, and protect your business.

Sumsub has over 2,000 clients across the fintech, crypto, transportation, trading, e-commerce and gaming industries including Binance, Mercuryo, Bybit, Huobi, Unlimint, DiDi, Poppy, and TransferGo.

About Gate.io

Established in 2013, Gate.io is one of the world’s earliest cryptocurrency exchanges and a leader among compliant and secure digital asset platforms, offering diverse trading services with 100% user-verifiable Proof of Reserves. Further, the platform has consistently ranked as one of the top 10 cryptocurrency exchanges based on liquidity and trading volume on CoinGecko. It has also received a rating of 4.8/5 by Forbes Advisor UK, topping the list of Best Crypto Exchanges for 2023.

Besides its primary exchange services, Gate.io has diversified its ecosystem to offer decentralized finance, research and analytics, venture capital investing, wallet services, startup incubation, and more. The platform currently serves more than 13 million active users worldwide.

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