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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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✅ 5,000 GT Prize Pool
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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
XRP Holders Just Got the Crucial Date They’ve Been Waiting For
The novel product, which will offer investors direct access to the fourth-largest altcoin by market cap, will be available for trading on the Toronto Stock Exchange
The confirmation comes after it secured regulatory approval from the Ontario Securities Commission (OSC)
As reported by U.Today, Hashdex launched the very first spot XRP ETF in the US earlier this year
What about the US?
A slew of issuers of the likes of Franklin Templeton, WisdomTree, and Bitwise, have all filed to launch spot XRP ETFs in the US
However, it is not clear when these products will eventually be approved. According to Bloomberg, they are likely to be greenlit by the U.S. Securities and Exchange Commission (SEC) in the fourth quarter of the year alongside some other altcoin ETF proposals
There is an 88% chance of a spot XRP ETF being greenlit this year following the launch of CME Group's regulated XRP futures
Existing XRP ETFs in the US
The first XRP ETF was launched in the US in April by Teucrium. The leveraged product offers twice the daily returns of the Ripple-linked token. Last month, Volatility Shares introduced the first futures XRP ETF that offers one-to-one exposure to the Ripple-linked token