#Gate储备金报告 Gate Releases New Reserve Report

Gate releases a new reserve report, with the overall reserve coverage ratio increasing from 124% to 125%. The total reserve value reaches $9.478 billion, supporting nearly 500 different types of user assets!

🙋What is 100% reserve?

In centralized trading platforms, each user's assets are recorded in a ledger within the database. How to securely prove that the platform has properly safeguarded all user assets is a self-verification challenge.

Gate uses a Merkle tree approach, storing each user's account asset hash value in the leaves of the Merkle tree. Anyone can have an audited third-party organization verify the total user assets stored in the Merkle tree leaves, confirming whether their funds are included in the asset Merkle tree.

If the verified total ≥ 100%, it proves that the platform has properly preserved user funds, representing a 100% reserve backing for the corresponding assets.

📊 Key Highlights of the Report

Our PoR method continues to lead industry standards, ensuring verifiable solvency:

• 100% Asset Support: Gate maintains over 100% user liability support in major assets such as Bitcoin (BTC), Ethereum (ETH), USDT, USDC, and others.

• Total Reserves: Current reserves amount to approximately $12.02 billion, with a reserve ratio of 125%.

• Asset Coverage: Gate's PoR now covers over 171 unique digital assets, providing the most comprehensive coverage in the market.

• Third-Party Audits: Conducted by leading firms like Hacken, ensuring Gate's cryptographic framework is unbreakable.

💡What is the significance of Gate's 100% reserve?

1. Demonstrates sufficient reserve funds: Not only does it indicate that our users' funds are not misappropriated, but also proves the platform's strong financial capacity.

2. Enhances user trust: Allows us to trade cryptocurrencies with greater confidence.

3. Showcases Gate platform's brand effect: Helps demonstrate Gate's strength and security, improving brand perception among users and attracting more users to join Gate.

4. 100% asset concentration withdrawal: Users can withdraw quickly and securely at any time, preventing crises caused by bank runs or mass withdrawals.