#GateProofOfReservesReport

PROOF OF RESERVES REPORT: 115% COVERAGE SETS NEW TRANSPARENCY BAR
In crypto, trust is audited, not assumed. The latest proof of reserves report just dropped, and the numbers do the talking.
TOTAL RESERVES HIT $8.182 BILLION WITH 115% RATIO
As of June 22, 2026, Gate’s overall reserve ratio stands at 115%, well above the 100% industry safety benchmark. Total reserves are valued at $8.182 billion, covering nearly 500 different user asset types. This represents true asset redundancy in a volatile market.
CORE ASSET BREAKDOWN: BTC, ETH, STABLECOINS LEAD
Bitcoin: User holdings rose from 17,216 BTC to 19,054 BTC. Platform reserves reached 25,292 BTC, pushing the excess reserve ratio to 32.73%.
Ethereum: User holdings totaled 344,935 ETH. Platform reserves climbed to 423,960 ETH, with an excess reserve ratio of 22.91%.
Stablecoins: USDT user holdings stood at 1.418 billion tokens vs. 1.432 billion in platform reserves, a 1.00% excess. USDC holds a 30.75% excess with 117 million tokens reserved against 89 million user assets. USD1 surged from 6.82 million to 712 million user tokens, backed by 782 million in reserves for a 9.87% excess.
Other Assets: GT maintains 134.18% coverage. XRP sits at 116.92%. GUSD shows a 72.81% overcollateralization with 319 million tokens reserved for 185 million user assets.
TECH BEHIND THE NUMBERS: ZK-SNARK + MERKLE TREE
The system combines zero-knowledge proof zk-SNARK technology with Merkle tree structures. Every user balance becomes a cryptographic hash, built into a Merkle root. You can verify your account is included without exposing your data.
The methodology was upgraded from open-source solvency verification frameworks and enhanced with zk-SNARK verification to eliminate negative balance exploits. Hacken’s security audit found no severe issues, calling it a “significant contribution to the field.”
CertiK also completed an audit for Gate Dubai in March 2026, confirming 100%+ collateralization across 10 major cryptos including BTC, ETH, SOL, and XRP on nine blockchains.
WHY IT MATTERS FOR TRADERS
1:1 Backing: Your USDT deposit isn’t lent out. It’s held 1:1, plus a buffer. BTC and ETH reserves exceed user balances by 30%+.
User Verification: Log in, copy your encrypted ID, and verify your balance is included in the Merkle tree. No third party needed.
Monthly Cadence: Reserve data is published regularly. June 2025 showed $10.453 billion total with a 123.09% ratio. July 2025 hit $10.504 billion at 126.03%. Consistency builds confidence.
HISTORY: FROM EARLY ADOPTER TO STANDARD SETTER
Gate released its first user-verifiable report in 2020. By January 2024, the report covered 171 assets with $4.3 billion in total value and a 115.47% ratio. Today, coverage is near 500 assets.
Gate US also runs audits with a 100.14% ratio on $80.23 million reserves as of October 2025, verified via Merkle Tree plus zk-SNARKs.
THE BOTTOM LINE
Proof of Reserves isn’t marketing. It’s math. The 115% ratio, $8.182 billion in backing, and zk-verifiable structure give traders something rare in crypto: auditable safety.
In a market where entities can fail, overcollateralization is your best defense. Check the report, verify your hash, trade with confidence.