“We don’t want to stay with a small group of people who are professional at trading,” Han said. “We want to provide this product to a wider range of customers.” The Gate founder said he believes it’s time for all crypto firms to bring in non-crypto users. That’s where the biggest potential for growth is, he added.

He added that said the company intends to allow users to convert between holdings at any time, including outside normal stock-market hours, but did not explain how such conversions would be priced or executed when underlying markets are closed.

Gate’s most ambitious claim is that users will be able to spend assets without first holding cash in their accounts. “You can buy a cup of coffee with Nvidia stock,”…