Panama Metropolis, Panama, Could thirtieth, 2024 – Gate.io, a number one crypto change, and Web3 innovator, has printed its Could 2024 Proof of Reserves (PoR) report, transparently demonstrating a reserve-deposit ratio of 115.34% and a complete reserve worth of $6.49 billion (USD) on the time of completion.

This newest report covers over 209 digital belongings, a rise of 20 for the reason that earlier report, and maintains its place as essentially the most in depth of any change. Different key knowledge from the report embody:

Gate.io Whole Reserves: $6,492,214,095

Extra Reserves: $863,807,685

Reserve-Deposit Ratio: 115.34%

BTC: 116.55%

ETH: 113.43%

USDT: 105.47%

USDC: 102.65%

Gate.io was one of many first exchanges to decide to PoR in 2020 and has persistently enhanced its reporting strategies since. Its PoR methodology, audited and praised by the main blockchain safety agency Hacken, has additionally been launched as open-source to encourage business participation. More moderen upgrades, similar to elevated reporting frequency, broader protection, and the introduction of zero-knowledge tech for higher privateness and safety, reveal the change’s dedication to meticulous reporting and transparency.

We’re happy to share the publication of our Could 2024 Proof of Reserves report, underscoring our unwavering dedication to transparency and accountability. Our dedication to upholding a sturdy reserve-deposit ratio and increasing our reporting requirements displays our ongoing efforts to make sure the safety and confidence of our customers and the business, mentioned Gate.io’s Founder and CEO, Dr. Lin Han.

Gate.io’s Could 2024 reserves report is obtainable on its PoR portal. Customers can independently confirm that their accounts and deposits had been mirrored and entry different associated info.

Contact

Elaine Wang
[email protected]