The platform's reserve fund has surpassed 10.8 billion USD, with a significant increase in BTC and ETH reserve ratios.

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The trading platform announces the latest reserve report: total value exceeds 10.8 billion USD

A well-known cryptocurrency trading platform recently released its latest reserve report. According to the data, as of May 8, the total value of reserves for the platform reached $10.865 billion, with a total reserve ratio of 128.57%, and an excess reserve amount of $2.415 billion.

Gate releases the new reserve report: total reserve value reaches 10.865 billion USD, excess reserve of 2.415 billion USD

The report details the reserve status of major cryptocurrencies. The reserve ratio for Bitcoin ( BTC ) is 137.69%, an increase of 2,802 coins compared to the previous period; the reserve ratio for Ethereum ( ETH ) is 121.36%, an increase of 188,563 coins compared to the previous period; the reserve ratio for Tether ( USDT ) is 102.63%, an increase of 441,334,786 coins compared to the previous period. In addition, the reserve ratios for the platform's own tokens, Dogecoin ( DOGE ), and Ripple ( XRP ) all exceed the 100% benchmark, reaching 178.50%, 109.19%, and 116.72%, respectively.

The platform has always prioritized the safety of user assets and trust, continuously innovating and upgrading its reserve audit technology. The platform employs zero-knowledge proofs and Merkle tree structures, allowing users to verify whether their assets are included in the reserves without disclosing personal asset details. Additionally, the platform combines hot and cold wallet verification with balance snapshot technology to create a complete data closed loop, enabling users to perform independent verification through a dedicated page.

To enhance transparency, the platform regularly updates reserve data and provides corresponding verification paths and report summaries, making it easier for users to understand the platform's asset structure and reserve levels. Currently, the platform's reserves cover most major cryptocurrencies, demonstrating strong market responsiveness and laying a solid foundation for the platform's stable operation and long-term development.

Looking to the future, the platform stated that it will continue to leverage its advantages in transparent operations and technological applications, constantly exploring new technological breakthroughs, and working together with global users to create a more secure and trustworthy digital asset trading ecosystem.

BTC1.71%
ETH0.51%
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CryptoFortuneTellervip
· 15h ago
Let me say something, I recently got some btc.
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GasFeeLadyvip
· 17h ago
looks like someone's been gwei-watching... solid numbers fr
Reply0
GateUser-3824aa38vip
· 08-08 17:22
Got money again, brothers.
View OriginalReply0
SatoshiLegendvip
· 08-07 02:51
According to on-chain data from 2022, the increase in reserve ratio values is too scattered, indicating that there is something behind it.
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HappyToBeDumpedvip
· 08-07 02:47
It's somewhat fake, who would believe it?
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GateUser-26d7f434vip
· 08-07 02:46
Steady! So many new ETH added.
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MetaMiseryvip
· 08-07 02:26
Finally settled down this wave.
View OriginalReply0
MaticHoleFillervip
· 08-07 02:26
The reserve ratio looks good. When will the coin be issued?
View OriginalReply0
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