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Gate.io’s Reserves Hit $10.9B—$2.4B More Than Needed (Yes, They’re Actually Proving It)
Gate.io’s Reserves Hit $10.9B—$2.4B More Than Needed (Yes, They’re Actually Proving It)
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Crypto exchange Gate.io just dropped its latest proof-of-reserves audit—and the numbers are juicier than a Wall Street bonus pool. Total holdings: $10.865 billion. Excess reserves? A cool $2.415 billion cushion.
Who said transparency was dead in crypto? While traditional banks play hide-and-seek with balance sheets, Gate.io’s throwing down verifiable assets like a high-stakes poker player. Take that, fractional reserve banking.
Funny how ’proof of reserves’ became an actual selling point post-2022. Next up: exchanges bragging about not stealing customer funds. Progress!
By:
http://beincrypto.com/gate-io-proof-of-reserves-report/
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