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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
China accelerates the process of de-dollarization through its role as chair of the SCO.
China is accelerating its de-dollarization strategy while holding the rotating presidency of the Shanghai Cooperation Organization (SCO) in 2025. Deputy Prime Minister Dinh Hoc Tuong emphasized the goal of promoting payments in local currency, enhancing financial cooperation, and facilitating the establishment of the SCO Development Bank.
Russia strongly supports this trend, stating that trade with SCO countries has doubled in the past three years, while payments in local currencies have increased by 50%. Both China and Russia are calling for the establishment of independent financial infrastructure to reduce dependence on the Western system.
China is committed to continuing to promote multilateral cooperation, countering protectionism and geopolitical fluctuations through digitization and financial reform.