Gate.io publishes reserve verification report: Total reserves amount to $10,865,000,000, with excess of $2,415,000,000
Unleashing the Numbers: Gate.io's Impressive Reserves Report
💤 disclaimer: This article ain't financial advice, buddy. It's here just to inform the heck out of you for educational purposes 🤓
May 9th, Panama - Gate.io has served up its latest Proof of Reserves report, and it's looking mighty fine! As of May 8, their total reserves are sitting pretty at a whopping $10.865 billion with a remarkable reserve ratio of 128.57% and an excess of $2.415 billion.
Currently, the BTC reserve ratio is soaring high at 137.69%, with an impressive increase of 2,802 bits from the previous period. The ETH reserve ratio is having a nice growth spurt too, reaching 121.36%, thanks to a boost of 188,563 Ether. The USDT reserve ratio is also showin' some growth, hitting 102.63%, with an additional 441,334,786 USDT in the pile. Not to be outdone, the reserve ratios for other assets such as GT, DOGE, and XRP are all killin' it, surpassing the 100% mark with ratios of 178.50%, 109.19%, and 116.72%, respectively.
You know who's always securin' assets and trustin' users? Gate.io! This badass platform always keeps innovation in its reserve audit tech up to standard. They're using zero-knowledge technology alongside Merkle Tree structures, so users can confirm their assets are safe and sound in the reserves, all without showin' any sensitive details. To make things even saucier, they've got hot and cold wallet verifications and balance snapshots, completin' a foolproof data loop for users to independently verify their assets through a dedicated page.
Not only that, but Gate.io regularly updates its reserve data and keeps users informed with verification paths and report summaries. At the moment, Gate.io's reserves cover most of the main cryptocurrencies, makin' the platform resilient as all get-out and supportin' stable operations and long-term growth.
Lookin' to the future, Gate.io aims to continually push the boundaries of transparency and technical advancements, explorin' new tech breakthroughs to create a safer and trustier digital asset trading environment with users worldwide.
Got questions? Contact none other than Elaine Wang.
What's up next? Moonray on ByBit, KuCoin, and Gate.io! Disclaimer: This stuff is comin' from a third party, so don't go drinkin' the Kool-Aid just yet. Do your research before takin' any action related to the company 🤓
- Gate.io's latest Proof of Reserves report revealed a remarkable $10.865 billion in total reserves with a reserve ratio of 128.57%, boasting an excess of $2.415 billion.
- The BTC reserve ratio, currently at 137.69%, saw an impressive increase of 2,802 bits compared to the previous period.
- The ETH reserve ratio is growing too, reaching 121.36%, thanks to a boost of 188,563 Ether.
- The USDT reserve ratio also showed growth, hitting 102.63%, with an additional 441,334,786 USDT in the pile.
- Other assets like GT, DOGE, and XRP are performing well, with ratios of 178.50%, 109.19%, and 116.72%, respectively, surpassing the 100% mark.
- Gate.io's innovative reserve audit tech, using zero-knowledge technology alongside Merkle Tree structures, ensures users' assets are safe and their sensitive details are hidden.
- With hot and cold wallet verifications and balance snapshots, Gate.io provides users with a foolproof data loop to independently verify their assets through a dedicated page.
- Looking ahead, Gate.io aims to increase transparency and advancements in technology to create a safer and trustier digital asset trading environment worldwide. Besides showcasing their impressive reserves, contact Elaine Wang for any questions.