Gate.io Proof of Reserves Shows XRP Overcollateralized at 115% Ratio
Key Highlights: Gate’s October Proof of Reserves reveals total platform reserves of $8.688 billion against $7.332 billion in customer liabilities, securing an overall reserve ratio of 118.49%. The exchange maintains overcollateralized positions across major crypto assets, backing user funds with a 115% reserve ratio for XRP, 121.6% for Bitcoin, and 123.78% for Ethereum. While Gate ...