Pay with

USD

Supports Visa, Mastercard, SEPA & more

Flexible trading, zero fees

Use your crypto for payments worldwide

Basic

Trade crypto freely

Magnify your profit with leverage

Convert & Auto-Invest

Trade any size with no fees and no slippage

Get exposure to leveraged positions simply

Pre-Market Trading

Trade new tokens before listing

Advanced

Trade on-chain with Gate Wallet

Smart access to new on-chain tokens

Smart strategies with automated trading

Follow expert trading strategies

CrossEx Trading

One margin balance, shared across platforms

Access hundreds of perpetual contracts

One platform for global traditional assets

Trade European-style vanilla options

Unified Account

Maximize your capital efficiency

Introduction to Futures Trading

Learn the basics of futures trading

Join events to earn rewards

Use virtual funds to practice risk-free trading

Launch

Collect candies to earn airdrops

Quick staking, earn potential new tokens

Hold GT and get massive airdrops for free

Unlock full access to global stock IPOs

Trade on-chain assets and earn airdrops

Earn futures points and claim airdrop rewards

Investment

Earn interest with idle tokens

Auto-invest on a regular basis

Dual Investment

Profit from market volatility

Earn rewards with flexible staking

Pledge one crypto to borrow another

One-stop lending hub

Premium wealth growth plans

Private Wealth Management

Premium asset allocation

Top-tier quant strategies

Stake cryptos to earn in PoS products

No-liquidation leverage

Mint GUSD for RWA returns

Post, share, and explore crypto trends

Live crypto market analysis

Chat with crypto traders

What is happening in crypto

More

Promotions

Activity Center

Participate in activities to earn rewards

Invite friends to earn referral rewards

Affiliate Program

Earn exclusive commission rewards

Grow influence and earn airdrops

Real-time platform updates

Crypto industry articles

Huge fee discounts

Asset Management

One‑stop asset management solution

Enterprise digital asset solutions

Developers (API)

Connects to the Gate application ecosystem

OTC Bank Transfer

Deposit and withdraw fiat

Generous API rebate mechanisms

AI

Your all-in-one conversational AI partner

Use Gate AI directly in your social App

Gate Blue Lobster, ready to go

Gate for AI Agent

AI infrastructure, Gate MCP, Skills, and CLI

Gate Skills Hub

From office tasks to trading, the all-in-one skill hub makes AI even more useful.

Smartly choose from 40+ AI models, with 0% extra fees

Others

Find FAQs and help guides

Learn about crypto investing

Grow with the champions

Proof of Reserves

Gate promises 100% proof of reserves

Keep your assets secure

Bumo Sarang, South Korea's 7th-Largest Mutual Aid Association, Posts $32.73M Loss on Ethereum ETF Investment in 2025

GateNews

Stocks Exchange Risk Security Incidents

2026-05-19 08:00:22

ETH0.76%

BMNR-5.82%

According to Korean Economic Daily, Bumo Sarang, South Korea’s 7th largest mutual aid association, suffered losses of 493 billion won (approximately $32.73 million) in 2025 after investing 59.5 billion won in daily double-leverage Ethereum ETFs linked to Bitmine stock.

A comprehensive audit of 75 mutual aid associations’ 2025 reports revealed that 42.7% of companies hold total assets below the prepayments owed to customers, meaning they would be unable to fully refund members in case of mass withdrawals.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

Related News

South Korea's 7th-Largest Pension Relief Company Lost $32.73M on Ethereum Leverage ETF Last Year

Bitcoin Plunges $5,000 to $76,800 on May 19, Spot ETF Outflows Accelerate to $1.5B Since May 7

Ethereum Spot ETFs See $86.31M Net Outflows Yesterday, Extending 6-Day Decline

Samsung Asset Management Raises Samsung, SK hynix Caps to 25% in AI Semiconductor ETF

Bitmine Increases ETH Holdings to 5.28 Million, Up 73,200 in Latest Week

In-Depth Analysis

Ethereum Staking Climbs to 31% as ETH Price Struggles Down 26% YTD

Ethan Brooks2h ago

Polymarket’s popular prediction: what price will ETH reach in May?

Gate Instant Trends6h ago

Ethereum Staking Reaches 31% as Price Underperforms On-Chain Growth

Ethan Brooks9h ago

Comment

0/400

No comments