Gate.io's Reserves Surge 28.57% to $10.865 Billion, Bitcoin Ratio at 137.69%

Gate.io, a prominent cryptocurrency exchange, has released its latest Proof of Reserves report, highlighting significant growth in its asset reserves. As of May 8, the total value of Gate.io’s reserves stands at $10.865 billion, with a total reserve ratio of 128.57% and an excess reserve of $2.415 billion. This report underscores the exchange's commitment to transparency and user trust, providing a detailed breakdown of its reserve holdings.

The report reveals that the reserve ratio for Bitcoin (BTC) is 137.69%, with an increase of 2,802 BTC compared to the previous period. Ethereum (ETH) has a reserve ratio of 121.36%, with an increase of 188,563 ETH. Tether (USDT) shows a reserve ratio of 102.63%, with an increase of 441,334,786 USDT. Additionally, reserve ratios for other assets such as GT, DOGE, and XRP exceed the 100% benchmark, reaching 178.50%, 109.19%, and 116.72% respectively. These figures demonstrate Gate.io's robust financial health and its ability to meet user demands.

Gate.io employs advanced technologies to ensure the security and transparency of its reserves. The exchange uses zero-knowledge technology and Merkle Tree structures, allowing users to verify their assets without revealing any details. This approach, combined with hot and cold wallet verification and balance snapshots, creates a closed-loop of data. Users can independently verify their holdings through a dedicated page, enhancing trust and transparency.

In addition to its technological advancements, Gate.io regularly updates its reserve data and provides users with verification paths and report summaries. This practice helps users understand the composition and levels of the platform's reserves. Gate.io's reserves cover most mainstream cryptocurrencies, providing the platform with strong market resilience and supporting its stable operations and long-term growth.

Looking ahead, Gate.io is committed to leveraging its strengths in transparent operations and technological innovations. The exchange aims to explore new technological breakthroughs to co-create a safer and more trustworthy digital asset trading ecosystem with users worldwide. This forward-thinking approach positions Gate.io as a leader in the cryptocurrency industry, prioritizing user trust and asset security.