Gate.io Launches $3M Grant Program for Event Contracts Infrastructure

Gate.io has launched a $3 million grant program aimed at supporting event contracts infrastructure. The move is part of the crypto exchange's push to encourage development around event-based trading products.

Other broker headlines

Several broker stories emerged alongside the Gate.io announcement. Plus500 declared a $182 million payout for shareholders, while Hirose Financial UK reported a 40% jump in costs. A Chinese broker is also taking its operations private.

Gold trading dominated product news. European CFD trading is shifting significantly toward gold, XM has launched seven-day gold trading, and CME has introduced smaller futures contracts aimed at retail traders.

In corporate and operational updates, Brex Capital has emerged from the controversial QRS Global broker, Interactive Brokers restored access after resolving login issues, and Leverate is moving to exit Belarus's forex market. cTrader is meanwhile pushing a subscription model.

Other developments highlighted in the summary include a 5,000x increase in cross-border investing clients in Lithuania and how traders reacted to the US-Iran conflict. The announcements signal a busy stretch for brokerages, exchanges and platforms as they adjust products, costs and geographic focus.