Announcements Gate.io October 2024 Proof of Reserves Report: Total Reserve Value Reaches $6.499 Billion, Excess Reserves Grow by 26.6%

Gate.io October 2024 Proof of Reserves Report: Total Reserve Value Reaches $6.499 Billion, Excess Reserves Grow by 26.6%

2024-10-08 02:43:15 UTC 23178 Read

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The Gate.io October 2024 Proof of Reserves Report has been released. The latest data shows that the platform's total reserve value has reached $6.499 billion, with excess reserves of $1.093 billion, representing a 26.6% increase since May.

### Overview of Proof of Reserves Data:
**• Total Reserve Value:** $6,499,212,860
**• Excess Reserves:** $1,093,226,500
**• Total Reserve Ratio:** 120.22%
**• Covered Currencies:** 209 types

### Details of Major Currencies:
**• BTC: **20,070 units, a 9% increase since May, with a reserve ratio of 119.54%
**• ETH: **275,530 units, a 16.7% increase since May, with a reserve ratio of 125.84%

### Progress of the Proof of Reserves Plan 
Since the implementation of Proof of Reserves in 2020, Gate.io has continuously improved its fund security mechanisms. In this report, the platform's reserve ratio remains stable above 120%, covering as many as 209 different types of currencies. Notably, the reserve amount and ratio of major currencies like BTC and ETH have significantly increased, further strengthening the platform's financial capability and transparency.

Previously, Gate.io's Proof of Reserves plan was audited by the reputable blockchain security company, Hacken. Users can access the full audit report and detailed data on the platform's [Proof of Reserves page](https://gimg.gateimg.com/PoR/Gate.io%20PoR%20Implementation%205.01.2023.pdf "Proof of Reserves page") and can verify their personal account funds at any time through the [100% Proof of Reserves](https://www.gate.io/proof-of-reserves "100% Proof of Reserves") page.

Gate.io continues to prioritize asset security and user trust, providing safe and transparent digital asset trading services to users worldwide.

Thank you for your trust and support in Gate.io.

**The Gate.io Team**

<sp>
Gateway to Crypto
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October 8th, 2024

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Gate.io October 2024 Proof of Reserves Report: Total Reserve Value Reaches $6.499 Billion, Excess Reserves Grow by 26.6%

Gate.io October 2024 Proof of Reserves Report: Total Reserve Value Reaches $6.499 Billion, Excess Reserves Grow by 26.6%

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