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

Gate.io, a prominent cryptocurrency exchange, has released its latest Proof of Reserves report, revealing significant details about its asset holdings and reserve ratios. 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 financial health and operational integrity.

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 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 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 confidence in the platform.

In addition to its technological advancements, Gate.io regularly updates its reserve data and provides users with corresponding verification paths and summaries. This practice helps users understand the composition of their assets and the reserve levels, further promoting transparency and accountability. The exchange’s reserves cover most mainstream cryptocurrencies, equipping it with strong market resilience and supporting 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.