🚨 GATE SAYS IT HOLDS $8.688B IN RESERVES. 118% BACKED.
Gate released its latest Proof of Reserves report, as of Oct 18.
Total reserves: $8.688B, up 5.7% from the last report.
Overall reserve ratio: 118.49%.
BTC: 25,727 BTC (121.60%)
ETH: 449,042 ETH (123.78%)
Simple meaning: Gate says it holds more than it owes users. 118% means $1.18 held for every $1 owed.
Here's the honest part: this is Gate's own report. Proof of Reserves shows assets, but it does not show everything a company owes.
Not financial advice.
Do you trust exchange reserve reports? YES or NO 👇
#Gate #ProofOfReserves #BTC #ETH #BinanceSquare
$BTC $BNB $NVDAB
Gate released its latest Proof of Reserves report, as of Oct 18.
Total reserves: $8.688B, up 5.7% from the last report.
Overall reserve ratio: 118.49%.
BTC: 25,727 BTC (121.60%)
ETH: 449,042 ETH (123.78%)
Simple meaning: Gate says it holds more than it owes users. 118% means $1.18 held for every $1 owed.
Here's the honest part: this is Gate's own report. Proof of Reserves shows assets, but it does not show everything a company owes.
Not financial advice.
Do you trust exchange reserve reports? YES or NO 👇
#Gate #ProofOfReserves #BTC #ETH #BinanceSquare
$BTC $BNB $NVDAB