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Gate.io Flexes $10.8B Reserves—$2.4B Buffer Proves Crypto Exchanges Can (Sometimes) Play It Safe
Gate.io Flexes $10.8B Reserves—$2.4B Buffer Proves Crypto Exchanges Can (Sometimes) Play It Safe
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Crypto’s trust crisis? Gate.io just dropped receipts.
The exchange’s latest proof-of-reserves report reveals a staggering $10.865 billion war chest—with $2.415 billion parked as excess reserves. That’s enough liquidity to survive three consecutive ’black swan’ events... or one really bad tweet from Elon Musk.
While traditional banks scrape by with fractional reserves, Gate.io’s 122% coverage ratio gives crypto maximalists fresh ammo. ’See? We’re more solvent than your local credit union,’ the numbers whisper—between sips of overpriced NFT coffee.
Of course, in an industry where ’full reserve’ sometimes means ’full of surprises,’ skeptics will demand audits. But for now? The math adds up—unlike certain stablecoin projects we won’t name.
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