Announcements Gate.io May 2024 Proof of Reserves Report: $6.49B in Reserve with 115.34% Ratio

Gate.io May 2024 Proof of Reserves Report: $6.49B in Reserve with 115.34% Ratio

2024-05-29 07:10:38 UTC 91578 Read

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Dear Gate.io Community,

We are thrilled to share our latest report with you. Our May 2024 Proof of Reserves report has transparently and verifiably demonstrated a reserve-deposit ratio of 115.34% and a total reserve value of $6.49 billion (USD). This means that Gate.io holds over $860 million in excess of user deposits, underscoring our commitment to your security and trust.

![](https://gimg2.gateimg.com/image/article/17169646331.png)

For this report, we've increased the coverage to 209 digital assets, which is still the most extensive of any exchange. You can check out the report on our [Proof of Reserves portal](https://www.gate.io/proof-of-reserves?ch=GM_announcement_reserves_20240529&utm_campaign=TR_BIqVrbdS&utm_content=&utm_medium=ptr&utm_source=CH_79kTf7RP&utm_term= "Proof of Reserves portal"), where we encourage you to independently verify that your account balance was reflected. Nonetheless, here's some key data from the report:

**Gate Reserves: **$6,492,214,095
**User Deposits: **$5,628,406,410
**Excess Reserves: **$863,807,685
**Reserve-Deposit Ratio: **115.34%

**BTC: **116.55%
**ETH: **113.43%
**USDT: **105.47%
**USDC:  **102.65%

<div style="text-align: center;"><a data-type="gate-activity" rel="nofollow noopener noreferrer"  href="/proof-of-reserves?ch=GM_announcement_reserves_20240529&utm_campaign=TR_BIqVrbdS&utm_content=&utm_medium=ptr&utm_source=CH_79kTf7RP&utm_term=" target="_blank" style="text-decoration: none;display: inline-block;"><div style="text-align:center;background: #2354E6; padding: 16px; border-radius: 8px; width: 270px; margin: 0 auto;"><strong><span style="color:#fff; text-decoration: none;">View May 2024 PoR Report</span></strong></div></a></div>

At Gate.io, we are committed to transparency and accountability. Since launching our Proof of Reserves program in 2020- and becoming one of the first to do so- we have consistently worked to improve our reporting methods. Our most recent enhancements include continued expansion of coverage, more regular reporting, and enhanced security and privacy by implementing zero-knowledge proofs.

Furthermore, the leading blockchain security firm Hacken has audited and praised our Proof of Reserves method, which is open-source to encourage industry participation. You can view the full audit report [here](https://gimg.gateimg.com/PoR/Gate.io%20PoR%20Implementation%205.01.2023.pdf "here").

We welcome users to independently verify the report on our Proof of Reserves portal and view other important details. Your security and confidence are our top priorities, and we are dedicated to ensuring transparency and accountability for our users and the industry as a whole.

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

<sp>
Gateway to Crypto
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Gate.io Team
May 29th, 2024

Gate.io May 2024 Proof of Reserves Report: $6.49B in Reserve with 115.34% Ratio

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