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 ...
Key Highlights: Binance has released its latest Proof of Reserves (PoR) update, outlining customer asset balances and backing ratios. The exchange verified that all client balances are collateralized on a 1:1 basis, with reserve ratios exceeding 100% across multiple tokens. The updated audit encompasses major cryptocurrencies including Bitcoin, Ethereum, USDT, and BNB, as well as ...
Key Highlights: Securities and Exchange Commission Chairman Paul S. Atkins signaled upcoming regulatory proposals aimed at preventing onchain markets from being driven offshore. The SEC’s planned custody overhaul would permit self-custody under specific conditions, recognize state trust companies as custodians, and address broker-dealer safekeeping services. Complementary customer-protection proposals outline proof-of-reserves verifications, asset segregation, and a ...
Deribit will remove its public Proof of Reserves page on Sept. 1, ending a daily verification tool that allowed customers to check whether their balances…