Gate.io's Proof of Reserves Report Reveals $4.3B in Assets with 115% Reserve Ratio for 171 Assets

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by the renowned blockchain security firm Hacken praised the new method as "a testament to a strong foundation in cryptographic implementation," finding that it contributes "significantly to the field."

Gate.io has been conducting PoR since 2020 when it became one of the first to produce third-party audited, use-verifiable PoR with a Merkle tree approach. This was repeated in 2022 before FTX's collapse, when Gate.io encouraged others to follow, releasing its method as open source. The November 2023 report utilized the previously mentioned upgrades, making Gate.io's PoR the most extensive of any exchange.

Gate.io's January 2024 reserves report data is available on its PoR portal, where users can independently verify whether their account and deposits were reflected and view other detailed information.

About Gate.io:
Established in 2013, Gate.io is one of the world's earliest cryptocurrency exchanges and a leader among compliant and secure digital asset platforms, offering diverse trading services with 100% user-verifiable Proof of Reserves. Further, the platform has consistently ranked as one of the top 10 cryptocurrency exchanges based on liquidity and trading volume on CoinGecko. Besides its primary exchange services, Gate.io has diversified its ecosystem to offer decentralized finance, research and analytics, venture capital investing, wallet services, startup incubation, and more. The platform currently serves more than 13 million active users worldwide.

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