Gate.io's Reserves Surge 28.57% to $10.865 Billion, BTC, ETH, USDT Ratios Exceed 100%

Gate.io, a prominent cryptocurrency exchange, has released its latest Proof of Reserves report, revealing significant details about its financial health and asset management. 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 comprehensive overview of its asset holdings and reserve management practices.

The report highlights the reserve ratios for several key cryptocurrencies. The BTC reserve ratio is 137.69%, with an increase of 2,802 BTC compared to the previous period. The ETH reserve ratio is 121.36%, with an increase of 188,563 ETH, and the USDT reserve ratio is 102.63%, with an increase of 441,334,786 USDT. Additionally, reserve ratios for assets such as GT, DOGE, and XRP all exceed the 100% benchmark, reaching 178.50%, 109.19%, and 116.72%, respectively. These figures demonstrate Gate.io’s robust asset management and its ability to maintain sufficient reserves to cover user holdings.

Gate.io’s approach to asset security and user trust is evident in its innovative reserve audit technologies. The exchange employs zero-knowledge technology and Merkle Tree structures, allowing users to verify whether their assets are included in the platform’s reserves without revealing any details. This method, 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, ensuring transparency and security.

In addition to its advanced technologies, Gate.io regularly updates its reserve data and provides users with corresponding verification paths and report summaries. This practice helps users understand the composition of the platform’s assets and the levels of reserves. Currently, Gate.io’s reserves cover most mainstream cryptocurrencies, equipping the platform with robust market resilience and offering strong support for stable operations and long-term growth.

Looking ahead, Gate.io is poised to continue leveraging its strengths in transparent operations and technical adoptions. The exchange aims to explore new technological breakthroughs, co-creating a safer and more trustworthy digital asset trading ecosystem with users worldwide. This commitment to innovation and transparency positions Gate.io as a leader in the cryptocurrency exchange industry, setting a high standard for asset management and user trust.