#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
Italy's largest bank, in collaboration with San Paolo, is expanding its encryption business, adding Spot trading services.
On November 15th, Intesa Sanpaolo SpA, the largest bank in Italy, is expanding its digital asset business by adding Cryptocurrency Spot trading services. The bank will establish a proprietary Cryptocurrency trading department in its corporate and investment banking division in 2023, which was previously limited to Cryptocurrency Options, futures and ETF trading businesses.