Gate has boosted its total reserves to $8.215 billion as of August 19, pushing its overall reserve ratio to 127%—well above the 100% industry benchmark. The exchange, which serves more than 59 million customers worldwide, disclosed the figures in its latest proof-of-reserves update.
Bitcoin and Ether cushion
User BTC holdings rose from 21,557 BTC to 22,436 BTC over the period, while Gate's reserve holdings climbed from 26,775 BTC to 27,550 BTC. That leaves an excess reserve ratio of 22.79% for Bitcoin. Ether followed a similar path: user balances went from 374,348 ETH to 375,429 ETH, and reserves increased from 456,798 ETH to 458,203 ETH, with an excess of 22.05%.
The numbers mean Gate is holding roughly 1.23 BTC and 1.22 ETH for every one BTC and ETH users have on the platform. That cushion gives the exchange room to absorb sharp price moves or withdrawal spikes without dipping into user funds.
Stablecoins and the rest
Stablecoin assets—USDT, USDC, USD1, and GUSD—also saw a jump. User-held stablecoins rose from $1.336 billion to $1.578 billion, while reserves climbed from $1.59 billion to $1.761 billion. That gives an aggregate stablecoin reserve ratio of 111.63%.
Beyond the big two, Gate’s reserve ratios for GT and XRP sit at 131.15% and 116.09%, respectively. The exchange serves over 59 million users and supports more than 4,900 crypto assets, plus a stock business spanning U.S., Hong Kong, Korean, and Japanese equities.
How the numbers are verified
Gate says it uses zero-knowledge proofs, Merkle tree verification, hot and cold wallet management, and periodic user asset snapshots to back up its reserve claims. The practice is now standard across major exchanges, but the specifics matter—especially after past industry blowups where proof-of-reserves turned out to be fiction.
The exchange, founded in 2013 by Dr. Han, has never gone through the kind of collapse that took down FTX or Celsius. But the report lands at a time when regulators are pushing harder for real, verifiable transparency, not just a PDF.
Gate’s next scheduled reserve update hasn’t been announced yet. Given the trend—both in its own ratios and the broader industry—it’s likely to keep publishing these numbers, and the real test is whether the gap between user assets and reserves stays as wide when market conditions get rougher.
