#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
Coindegraph reported that due to recent actions taken by US regulatory agencies against Metamask creator Consensys and cryptocurrency mixer Samourai wallet, Acinq's Bitcoin wallet Phoenix and Wasabi wallet (zkSNACKs) have decided to stop serving US customers. Both companies are concerned about whether self-hosted wallet providers are considered legitimate currency service businesses. Acinq has requested that Phoenix wallet users deplete their funds and adapt to the changes by May 2nd.