Gate Exchange has released its latest Proof of Reserves report, revealing robust financial health with total reserves valued at $10.453 billion.
The platform maintains a reserve ratio of 123.09%, indicating significant excess reserves across all major cryptocurrencies held for users.
Bitcoin reserves stand at 23,611 BTC, exceeding user balances of 17,022.60 BTC by 38.70%.
Ethereum holdings total 437,127 ETH, surpassing user assets of 386,645 ETH by 13.06%.
USDT reserves amount to 1.31 billion tokens against user holdings of 1.16 billion, resulting in a 12.95% excess reserve ratio.
Reserves for GT, DOGE, and XRP also exceed 100%, with ratios of 156.61%, 108.78%, and 115.30% respectively.
This comprehensive reserve report underscores Gate Exchange’s strong liquidity position and commitment to safeguarding user assets.