I recently looked at the reserve report released by Gate, and to be honest, it exceeded my expectations a bit.

The total reserve ratio is 124%, covering nearly 500 types of assets, which is not much to say, but the biggest highlight this quarter is the explosive growth of USDT reserves.

The USDT holdings of users increased from over 1 billion to over 1.3 billion, and Gate's reserves also rose to 1.58 billion USDT, with excess reserves remaining above 18%.

This indicates two things:

First, users are really depositing money into Gate (otherwise USDT wouldn't have increased so much);

Secondly, the platform can truly withstand liquidity pressure and is willing to leave some margin.

Compared to other exchanges, some may claim "1:1 reserves", but either you can't find the details upon investigation, or the reserve structure is mixed with a lot of platform tokens. Gate is relatively straightforward in this regard, with BTC, ETH, and USDT having excess reserves, and the figures are transparent and publicly available.

My personal habit is to look at a few key indicators:

BTC reserve ratio rises: indicating that the platform's assets are more stable.

ETH is steadily rising: it indicates that on-chain activity is still ongoing.

USDT is growing the fastest: this shows that users are really using it, and trust is returning.

Without saying much, in a bear market environment, an exchange that can still see its reserves grow really speaks volumes.

Those who are interested can go check the report data themselves: Gate reserve proof (this thing is public and transparent).

In the cryptocurrency circle 📈, don't just look at the coin price, pay attention to the reserve flow. Where the money goes, trust follows.

Detailed link:

#GatePoR