Share this article
Bitcoin Startup Joins Baidu-Backed FinTech Accelerator
Hong Kong-based bitcoin exchange Gatecoin has joined a startup accelerator backed by Standard Chartered and Chinese Web services giant Baidu.
By Stan Higgins
Updated Sep 11, 2021, 12:06 p.m. Published Jan 20, 2016, 10:52 p.m.
Hong Kong-based bitcoin exchange Gatecoin has joined a startup accelerator backed by Standard Chartered and Chinese Web services giant Baidu.
The SuperCharger Accelerator draws support from a number of regional and global firms, including Microsoft, the Hong Kong Stock Exchange, Ernst & Young and Fidelity. The program was cofounded by the TusPark Global Network, a co-working space operator.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The program, which opened for applications in the fall, began on 11th January and will run over three months, concluding with a demonstration day in April.
Gatecoin is receiving a $25,000 investment in exchange for a 5% stake in the startup, co-founder and CEO Aurélien Menant told CoinDesk. The company will also work with advisors to the program, which are drawn from those sponsoring the initiative as well as firms like Barclays and PayPal.
Menant said that during its time with the accelerator, the company will work on at least one proof-of-concept alongside the operation of its bitcoin exchange.
He told CoinDesk:
"Gatecoin is currently working on integrating a bitcoin brokerage solution and a blockchain remittance service with an international bank operating in Asia and Africa. The proof of concept should be released by the end of the program. Other projects with the sponsoring companies are currently being studied."
Some members of Gatecoin’s staff will relocate to the SuperCharger Accelerator offices in Hong Kong, while its engineering team will remain at its offices in the city.
Hong Kong image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Traders mull the bottom as bitcoin returns to week's lows below $86,000
One analyst isn't quite ready to call a bottom, but says bitcoin is surely in an oversold condition.
What to know:
- Bitcoin's early rally Wednesday seems a faint memory as the price has returned to the week's lows.
- Precious metals continue to get bid, with silver rushing to yet another new record and gold closing in on an all-time high.
- One analyst cautioned against reading too much into the current bitcoin price action due to year-end positioning and tax considerations.
Top Stories
