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- 🏁 Gate Red Bull Racing Tour 2025 In Full Swing!
Up to now, the total trading volume exceeded $2 billion, with top trader trading volume nearing $200 million
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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
🟢 Excess reserves: $1.96B — ensuring full coverage and extra security for user assets.
Gate continues to uphold 100% proof-of-reserves and full transparency.
🔗 Read the full report: https://www.gate.com/zh/announcements/article/45617
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- #Gate Latest Proof of Reserves Reaches 10.453 Billion Dollars#
Gate has released its latest Proof of Reserves report! As of June 2025, the total value of Gate’s reserves stands at $10.453 billion, covering over 350 types of user assets, with a total reserve ratio of 123.09% and an excess reserve of $1.96 billion.
Currently, BTC, ETH, and USDT are backed by more than 100% reserves. The BTC customer balance is 17,022.60, and Gate’s BTC balance is 23,611.00, with an excess reserve ratio of 38.70%.The ETH customer balance is 386,645.00, and Gate’s ETH balance is 437,127.00, with an excess reserve
Ghanaian Fintech App, Dash, Raises $32.8 Million To Build Out Its Connected Payments Wallet After Hitting 1 Million Users
Dash, a Ghana-based unified payments app, has announced that it has raised $32.8 million in an oversubscribed seed round to facilitate interoperability for digital payments platforms in Africa.
The deal, which ranks among the largest in Africa, will help in its journey of building a Mastercard and Visa sort of intermediary services for mobile payment wallets across Africa.
The round was led by New York-based global private equity and venture capital firm, Insight Venture Partners, with participation from Global Founders Capital and 4DX Ventures. In total, 10 investors joined the $32 million raise.
SEE ALSO: Top 3 Fintech Sectors to Watch Out for in 2022 Across Africa
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Dash works by routing payments through banks and telcos from different countries and allows users to pay bills, send, and receive money without the headache of currency conversions.
The startup makes revenue from:
Below are some of the growth stats from Dash:
Dash founder, Prince Baokye Boampong, started the company in 2019 based on the problem that though mobile wallets and payment apps were becoming ubiquitous across the continent, they were not inter-operable – much less for inter-country.
As a result, Dash is building a network where mobile money and traditional banks can rapport and facilitate transactions for consumers and businesses. The service is currently available in:
The startup said it will use the funds to expand to new markets such as Tanzania and South Africa, get the licenses needed to operate there, build out its team, invest in technology and launch new features.
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RECOMMENDED READING: Tanzanian Fintech, NALA, Raises $10 Million to Expand to 12 African Countries in 2022
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