Gate Releases August Proof of Reserves Report: Total Reserves Reach $12.02 Billion, with $2.32 Billion in Excess Reserves

Currently, the BTC customer balance has increased from 15,774.41 BTC in the previous period to 19,334.98 BTC, while Gate’s BTC balance has risen from 22,779.00 BTC to 25,809.00 BTC, bringing the excess reserve ratio to 33.48%. The ETH customer balance has grown from 323,716.50 ETH to 338,663.88 ETH, while Gate’s ETH balance has increased from 400,465.00 ETH to 418,536.00 ETH, resulting in an excess reserve ratio of 23.58%. The USDT customer balance stands at 1,009,562,323.90 USDT, while Gate’s USDT balance is 1,279,510,136.00 USDT, with an excess reserve ratio of 26.74%. In addition, reserve ratios for assets such as GT, DOGE, and XRP all exceed the 100% benchmark, reaching 156.49%, 109.00%, and 115.07%, respectively.

As a global leading digital asset trading platform, Gate is fulfilling its security commitments to users through concrete actions to promote transparency and standardization within the industry. Over the years, the platform has continuously strengthened its asset security protection capabilities through consistent technological innovation. From being one of the first to commit to 100% reserves to introducing zero-knowledge proofs, Gate has consistently driven innovation at the intersection of technology and security.

In terms of reserve management, Gate has established a transparent system that allows users to independently verify, integrating cold and hot wallet ownership verification, Merkle tree structure and user balance snapshots, so as to ensure the authenticity and verifiability of asset reserves from the source. Meanwhile, the platform has built a robust asset protection framework through its self-developed high-performance trading system, multi-signature storage mechanisms, and bug bounty program, forming a three-dimensional protection architecture covering transaction, custody and overall platform security.

Looking ahead, Gate will continue to explore cutting-edge technologies and strengthen transparent operations, working together with users worldwide to build a secure and trustworthy digital asset trading ecosystem.

Details: https://www.gate.com/proof-of-reserves

About Gate
Gate, founded in 2013 by Dr. Han, is one of the world’s earliest cryptocurrency exchanges. The platform serves over 34 million users with 3,600+ digital assets and pioneered the industry’s first 100% proof-of-reserves. Beyond core trading services, Gate’s ecosystem includes Gate Wallet, Gate Ventures, and other innovative solutions.

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Disclaimer:
This content does not constitute an offer, solicitation, or recommendation. You should always seek independent professional advice before making investment decisions. Gate may restrict or prohibit certain services in specific jurisdictions. For more information, please read the User Agreement via https://www.gate.com/user-agreement.