Gate Reports $8.69B Total Reserves, 118.49% Reserve Ratio

Proof-of-reserves disclosures are becoming table stakes for centralized exchanges, so the more telling detail here is the verification method: Merkle trees combined with zero-knowledge proofs aim to let users confirm inclusion without exposing balances, addressing a long-standing privacy-versus-auditability trade-off. The BTC and ETH ratios sitting above the headline figure suggest reserves are strongest in the two assets users scrutinize most. What remains open is whether ZK-based attestation becomes a standard other exchanges adopt, and how the stated institutional safeguards hold up under independent scrutiny.