Today's users are no longer in the state of information asymmetry in the past, and proof of asset reserves is a basic integrity requirement for exchanges.
User trust is particularly fragile and difficult to establish, and it is a matter of minutes to collapse.
You see, the old exchange now issues a reserve report every month, in fact, it just wants to reassure everyone. I have read the latest report just released by Gate @Gateio_zh, and the data is quite solid: the total reserves exceed 10.453 billion US dollars, an increase of 1.96 billion, and the reserve ratio is 123.09%.
The assets on the chain can be checked: BTC reserve rate is 138%, ETH has 113%, USDT is 112%, and even $GT, DOGE, and XRP are enough to reach more than 100%. More than 350 kinds of assets are covered, whether they can be withdrawn, exchanged, or checked, and the data is all here.
Now in this market, assets can be checked and raised at any time, and the heart can be stable, which is the same for any exchange, which is very good!
More details can be found here:
#GatePoR
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