Is Gate.io centralized or decentralized?

Can you clarify whether Gate.io operates as a centralized or decentralized platform in the cryptocurrency space? Understanding the distinction between these two models is crucial for investors and traders to evaluate the security, transparency, and decentralization of their digital assets. If Gate.io is centralized, what measures does it take to ensure the safety and privacy of user funds? On the other hand, if it's decentralized, how does it maintain liquidity and facilitate transactions without relying on a single authority?