Gate Releases July Proof of Reserves Report: Total Reserves Reach $10.504 Billion, with $2.17 Billion in Excess Reserves

Currently, the BTC customer balance is 15,774.41 BTC, and Gate’s BTC balance is 22,779.00, with an excess reserve ratio rising from 38.7% to 44.40%. The ETH customer balance is 323,716.50, and Gate’s ETH balance is 400,465.00, with an excess reserve ratio increasing from 13.06% to 23.71%. The USDT customer balance has grown from 1,156,715,656.24 to 1,249,427,124.17, and Gate’s USDT balance has also risen from 1,306,535,437.00 to 1,452,258,229.00, driving the excess reserve ratio up from 12.95% to 16.23%. In addition, reserve ratios for assets such as GT, DOGE, and XRP all exceed the 100% benchmark, reaching 156.81%, 109.42%, and 115.52%, respectively.

Gate regularly publishes reserve data as part of its commitment to user security and its effort to promote transparency and standardization within the industry. On the technical front, Gate continues to advance the application of zero-knowledge proof (zk-SNARK) technology in reserve audits, ensuring that asset reserves remain transparent and verifiable while protecting user privacy. 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.

Additionally, by integrating cold and hot wallet ownership verification, user balance snapshots, and Merkle tree structures, Gate has built a comprehensive and efficient user verification system. 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.

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 32 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.