Gatecoin Launch
Gatecoin was founded in 2013 in Hong Kong. It was among the first to list Ethereum tokens, operating under a Money-Service Operator license, and offering fiat trading in USD, EUR, and HKD. Initially, it was seen as a regulated and secure platform with institutional appeal.
What Went Wrong
In 2016, Gatecoin lost over $2M in ETH and BTC due to a hack. Banking issues in 2018 froze accounts, crippling operations. By March 13, 2019, a Hong Kong court ordered liquidation. Trading ceased, and users were promised partial fund recovery, which many never fully received.
What I See
The website still opens, showing an untracked listing with zero volume and no assets. Trading panels exist visually but display no data. It’s a shell site stuck in time, with no operational backend.
Liquidation Insight
Later court rulings clarified that some users' crypto was treated as property held in trust, while others became unsecured creditors. This distinction decided who recovered assets and who lost everything during liquidation.
Platform Today
- Website opens but shows no markets or prices
- Reserve data unavailable, volumes at zero
- No active trading, no order books
Why It Stayed Dead
Banking freezes and lack of liquidity sealed its fate. Regulatory and operational troubles left Gatecoin permanently shut after 2019. No revival followed; only the remnants of a once-active platform remain online.
Who Is This For
Historians of crypto, legal analysts following bankruptcy cases, and users checking old accounts. Traders gain nothing — there is no functionality, support, or security.
Status in 2025
Gatecoin remains an untracked listing. It’s a ghost platform: technically online, practically dead. No volume, no assets, no market activity.
Warning to Anyone
- Do not deposit or register
- No support, no liquidity, no trading functions
- Stuck funds are subject to old liquidation terms
- Site runs as a relic, not an exchange
Bottom Line
Gatecoin was a pioneering regulated exchange, but hacks, banking failures, and legal shutdown ended it in 2019. In 2025, it’s just a static reminder of early crypto exchange history — lights on, no one inside.