Gate’s July Proof of Reserves Report Reveals $10.5B War Chest – $2.17B Pure Profit Cushion

Crypto exchange Gate just dropped its July reserves report—and the numbers don't lie. With $10.504 billion in total reserves, they're sitting on a $2.17 billion excess cushion. That's enough liquidity to make a central banker blush.

Breaking down the vault

The exchange's proof-of-reserves audit shows assets held 1:1 against user balances—plus that juicy $2B+ buffer. No funny business here... unless you count traditional banks' fractional reserve shenanigans.

Why this matters

In a post-FTX world, transparent accounting isn't just nice-to-have—it's table stakes. Gate's report lands as regulators circle crypto like vultures. That $2.17B excess? Call it an insurance policy against the next 'Lehman Bros but with memecoins' scenario.

The bottom line

While Wall Street plays shell games with imaginary money, crypto's proving reserves can be both transparent and profitable. Just don't expect your local bank to adopt this level of openness anytime soon—they're too busy charging $35 overdraft fees.