Crypto exchange Gate.io has revealed the details of its ninth birthday celebration. On May 27, the platform will introduce a new website design and identity and update the mobile app. In addition, according to a press release, the exchange will hold several contests with a total prize pool of $9 million.

The redesign will affect the logo, tagline, and color scheme. The Gate.io mobile app will feature a Lite App mode with a simplified interface for trading 1400 cryptocurrencies and coins.

Gate.io will also hold a series of competitions with a total prize pool of $9 million. The first event will be the Gold Bar competition. Participants will share the $50,000 prize pool and the winner of the competition will receive a 999 gram gold bar.

Gate.io is a Chinese crypto exchange that serves 10 million users and is one of the top 10 exchanges in terms of traffic. In 2021, the platform was rated 4.5 by Forbes Advisor. The exchange follows the advice of global financial regulators and may block residents of the United States, Canada and several other countries from accessing some instruments.

Recall that Gate.io has reduced transaction fees for major traders switching from other sites until June 30.