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- #Gate Ranks Top 4 Exchange#
Gate has reached the Top 4 global crypto derivatives exchanges on CoinMarketCap, with a 24-hour trading volume exceeding $15 billion. Enjoy some of the lowest fees in the industry—maker fees as low as 0.015%. Gate is committed to providing users with a more efficient and cost-effective trading experience, making it your top choice for crypto trading!
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- 🎉 CandyDrop 5.0: 5 BTC Mega Airdrop is here!
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- Gate Alpha 2nd Points Carnival Round 4 Hot Launch! Trade to Share $30,000 MORE & Alpha Points
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- 📢 $MORE is launching on Gate Alpha!
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- 🎁 Gate Alpha Airdrop Alert!
To celebrate the listing of $EGL1 on Gate Alpha @GateioAlpha
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Chinese Bitcoin Mining Giant Fleeing to the US to Avoid Tariffs
Some of the largest Bitcoin mining companies in China, Bitmain, Canaan, and MicroBT, are shifting their production to the United States (AS). This move is to avoid Donald Trump's tariff policies.
Moreover, the production of these three companies has built more than 90% of the world's Bitcoin mining rigs. Therefore, they must explore to avoid import taxes of up to 30%.
It is known that Bitmain became a pioneer in the relocation of mining equipment production in December last year, followed by Canaan after Trump won the election. According to Canaan's senior executive Leo Wang, this step is to minimize the impact of unpredictable tariffs.
Next, MicroBT also implements the same strategy to avoid financial blows. Thus, the three companies have the same goal and maintain global sales, especially for customers in the US.