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, highlighting the platform's commitment to transparency and user trust. 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 robust financial health and its dedication to maintaining a high level of asset security.

The report details the reserve ratios for various 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 strong position in the market and its ability to meet user demands.

Gate.io employs advanced technologies to ensure the security and transparency of its reserves. The platform uses 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 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 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, providing the platform with robust market resilience and strong support for stable operations and long-term growth.

Looking ahead, Gate.io is committed to leveraging its strengths in transparent operations and technical adoptions. 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, dedicated to innovation and user satisfaction.