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

Gate reported total reserves of $8.688 billion with an overall reserve ratio of 118.49%, including 25,727 BTC at 121.60% and 449,042 ETH at 123.78%, in its latest proof-of-reserves disclosure. The exchange said it was the first to use Merkle trees and zero-knowledge proofs so users can verify their balances are included while protecting user information. Gate also outlined institutional safeguards, including MPC-based 2-of-3 signing for Gate Vault and a 48-hour transfer delay.

Original source

AI take

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.

Generated by AI for reference only.

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