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- 🏁 Gate Red Bull Racing Tour 2025 In Full Swing!
Up to now, the total trading volume exceeded $2 billion, with top trader trading volume nearing $200 million
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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
🟢 Excess reserves: $1.96B — ensuring full coverage and extra security for user assets.
Gate continues to uphold 100% proof-of-reserves and full transparency.
🔗 Read the full report: https://www.gate.com/zh/announcements/article/45617
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- #Gate Latest Proof of Reserves Reaches 10.453 Billion Dollars#
Gate has released its latest Proof of Reserves report! As of June 2025, the total value of Gate’s reserves stands at $10.453 billion, covering over 350 types of user assets, with a total reserve ratio of 123.09% and an excess reserve of $1.96 billion.
Currently, BTC, ETH, and USDT are backed by more than 100% reserves. The BTC customer balance is 17,022.60, and Gate’s BTC balance is 23,611.00, with an excess reserve ratio of 38.70%.The ETH customer balance is 386,645.00, and Gate’s ETH balance is 437,127.00, with an excess reserve
Uphold is exploring IPO while attracting XRP-enthusiast consumers in the US.
Uphold, a trading application that allows users to swap everything from Bitcoin to gold, is considering the possibility of an initial public offering (IPO) to attract American consumers who favor XRP. CEO Simon McLoughlin stated that the board has appointed FT Partners to explore strategic options, including an IPO in the United States or selling to another company. He also emphasized that many banks and financial institutions are interested in Uphold. Although no specific valuation was disclosed, a source indicated that the value could exceed 1.5 billion USD.
Uphold has attracted attention by announcing the issuance of a debit card in America that allows consumers to earn XRP rewards. With expected revenue exceeding 300 million USD this year, the company is rapidly growing and considering the possibility of acquiring other companies in the industry.