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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
BBVA Bank advised wealthy clients to invest up to 7% of their portfolios in cryptocurrencies.
The Spanish bank Banco Bilbao Vizcaya Argentaria (BBVA) advises wealthy clients to invest up to 7% of their portfolio in cryptocurrencies. This is reported by Reuters, citing the head of digital and blockchain solutions at BBVA in Switzerland, Philippe Meyer (Philippe Meyer).
He advised clients to invest between 3% to 7% of their portfolio in crypto assets, depending on their level of risk tolerance.
Vig added that he considers BBVA one of the first major global banks to start advising its wealthy clients to buy cryptocurrencies. According to Meyer, the bank has been fulfilling client requests to purchase crypto assets since 2021.
The recommendation to invest 3-7% currently applies only to Bitcoin and Ethereum, but BBVA plans to expand it to other cryptocurrencies later this year, Reuters noted.
In addition, Meyer added that clients are generally positive about these recommendations and dismissed concerns about the excessive risk of this asset.
Earlier we reported that BBVA received approval from the national securities regulator to provide services for trading Bitcoin and Ethereum in Spain.