#GateNovTransparencyReportReleased

Gate has released a new proof of reserves report, with a total value that reached $11.67 billion and a total reserve ratio reaching as high as 124% across 500 types of assets.
On Nov. 3, the crypto exchange released its latest proof-of-reserves report that shows the platform’s reserves. As of Oct. 28, the total reserve value held on the exchange has reached $11.67 billion, with an overall reserve ratio of 124%. This means that the exchange holds significantly more assets in its reserves rather than the user balances on its platform.
According to the report, the platform’s reserves currently cover nearly 500 different types of user assets, marking one of the most diversified holdings among major crypto exchanges. The report highlights some of the significant reserves with growth in ratio for major cryptocurrencies.

In terms of Bitcoin
Bitcoin, users on the platform collectively hold a total of 18,536 BTC. On the other hand, Gate maintains about 24,833 BTC in its reserves, which represents an excess reserve ratio of 33.96%. Compared to the previous month, the excess reserves have increased from 33.48%.
$GT ‌$BTC ‌