Gate.io reserves exceeded $10 billion with a surplus of $2.3 billion and a rate of 128.58%.
Alyssa Davidson
Posted: January 22, 2025 12:10 PM Updated: January 22, 2025 6:35 AM
Correction and fact check date: January 22, 2025, 12:10 p.m.
briefly
According to Gate.io’s latest reserve proof report, total reserves in January 2025 reached an all-time high of $10.328 billion, and the reserve ratio was 128.58%, surpassing the industry standard of 100% and ranking fourth globally. .
Cryptocurrency exchange Gate.io has released its latest Proof of Reserves report, highlighting its continued leadership in the industry with impressive results. The report highlights the platform’s ongoing commitment to security and trust, providing a strong foundation of trust for both users and the wider market.
According to the latest data, Gate.io’s total reserves reached an all-time high of $10.328 billion as of January 2025, ranking fourth in the world. The platform’s reserve rate was 128.58%, an increase of 4.67% compared to the previous quarter, exceeding the industry standard of 100%. The holdings breakdown includes 20,412 BTC (ratio 123.06%), 257,007 ETH (ratio 112.04%), and 910,783,326 USDT (ratio 118.60%), an increase of 9.35% from the previous period.
Gate.io’s reserves cover over 200 cryptocurrency assets, enhancing security with significant surplus reserves. Current surplus reserves total $2.296 billion, with a surplus reserve ratio of 28.58%, an increase of $450 million from December 2024, reflecting 24.38% growth.
Technology-Driven Transparency: Setting Industry Standards
In the digital asset sector, technological innovation plays an important role in increasing trust and transparency. Gate.io continues to advance the use of zero-knowledge proof (zk-SNARK) technology in reserve audits, providing increased transparency and privacy for users. Gate.io can leverage this technology to verify the adequacy of asset holdings without revealing specific transaction details, thus strengthening user trust in the platform.
Additionally, Gate.io integrates cold and hot wallet verification, user balance snapshots, and Merkle tree structure to create a reliable and efficient user verification system. Users can easily access detailed audit reports from a dedicated page on the platform and can check the extent of their personal reserves in real time via Gate.io’s Proof of Reserves page.
As the digital asset trading market expands rapidly, the need for platform security and transparency has increased. Gate.io’s regular release of reserves not only emphasizes its commitment to user safety, but also serves to improve industry transparency and regulatory compliance. The compelling findings of this preliminary report highlight that “transparency and security” are essential foundations for maintaining long-term trust.
Additionally, Gate.io’s preliminary verification mechanism has been audited by respected blockchain security company Hacken, further strengthening user trust in the platform. By continuously advancing technological innovations and maintaining transparent practices, Gate.io is committed to providing users with a safe and trustworthy trading environment.
Gate.io has consistently been at the forefront of the industry, from being one of the first platforms to promise 100% reserves to fully integrating zero-knowledge proof technology. Gate.io has established itself as a leader in its field by advancing both its technological capabilities and security measures. The platform utilizes a proprietary high-performance transaction system, an institutional-grade multi-signature storage solution, and a bug bounty program, all contributing to a reliable security framework for user assets.
Gate.io aims to continue building on its strengths in transparency and technology going forward. The platform will focus on exploring new innovations while collaborating with users around the world to create a safer and more reliable digital asset trading ecosystem. Gate.io prioritizes continuous technological advancement and user trust and believes that these efforts will help promote the development of the digital asset industry.
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About the author
As MPost’s resident journalist, Alisa specializes in the broad areas of cryptocurrencies, zero-knowledge proofs, investing, and Web3. With a keen eye for new trends and technologies, she provides comprehensive coverage to inform and engage readers about the ever-evolving digital financial landscape.
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Alyssa Davidson
As a dedicated journalist at MPost, Alisa specializes in the broad areas of cryptocurrencies, zero-knowledge proofs, investing, and Web3. With a keen eye for new trends and technologies, she provides comprehensive coverage to inform and engage readers about the ever-evolving digital financial landscape.
more articles