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Gate publishes fresh proof-of-reserves: $11.67B and 124% coverage
Gate, a global cryptocurrency exchange, has published its latest proof-of-reserves report revealing a total reserve value of $11.67 billion and an aggregate reserve ratio of 124% as of Oct. 28, 2025. The report underscores Gate’s liquidity position across nearly 500 supported tokens and highlights rising surplus coverage for major assets including Bitcoin (BTC), Ethereum (ETH) and Tether (USDT). These figures aim to reinforce transparency and trust among users amid ongoing market volatility.
Key reserves breakdown
Bitcoin (BTC)
Gate reports that platform users collectively hold 18,536 BTC, while the exchange’s on-chain reserves stand at roughly 24,833 BTC. That equates to an excess reserve ratio of 33.96%, up from 33.48% the prior month. The increased BTC surplus suggests stronger over-collateralization for user holdings and improved exchange liquidity for the flagship crypto asset.
Ethereum (ETH)
Ethereum holdings on Gate total 332,801 ETH for users, while reserves are reported at 419,096 ETH. The excess reserve ratio for ETH rose to 25.93% from 23.58% month-over-month. This larger cushion for ETH helps ensure the exchange can meet withdrawal demand and maintain operational stability in stressed market conditions.
USDT (Tether) and stablecoins
Stablecoin liquidity remains healthy: user deposits of USDT reached roughly 1.33 billion USDT, and Gate’s on-chain USDT reserves are about 1.58 billion USDT. That results in an 18.74% excess ratio for USDT, signaling the platform holds more than sufficient stablecoin liquidity to back customer balances.
Other tokens and native assets
Beyond the majors, Gate’s reserve coverage exceeds 100% across the board. The native token GT posts a reserve ratio of 150.98%. Dogecoin (DOGE) and XRP report reserve ratios of 108.12% and 116.66%, respectively. In total, reserves span nearly 500 asset types, making Gate one of the more diversified reserve holdings among major crypto exchanges.
What the numbers mean for users and the market
A 124% overall reserve ratio indicates Gate currently holds materially more assets than the aggregate customer liabilities recorded on its platform. For traders and custodial users, that implies a stronger ability to process withdrawals and absorb short-term liquidity shocks. In a volatile market environment, excess reserves for BTC, ETH and USDT reduce counterparty risk and support user confidence.
These reserve improvements come at a time when many crypto assets have experienced downward price pressure. Maintaining excess coverage across both native tokens and stablecoins is an important part of exchange-level risk management and public transparency efforts — particularly for users who prioritize custodial safety and proof-of-reserves audits.
Gate expands into Australia with AUSTRAC registration
On Nov. 3, Gate Group announced the official registration of Gate Australia with the Australian Transaction Reports and Analysis Centre (AUSTRAC) as a digital currency exchange provider. The local launch includes region-specific websites, products and features tailored for Australian customers.
Gate Australia will roll out a suite of security and custody safeguards, including SSL-encrypted connections, offline Bitcoin wallet storage technology, two-factor authentication (2FA), and instant deposit and withdrawal capabilities. These measures aim to align Gate’s Australian offering with global best practices for exchange security and compliance.
Founder and CEO Dr. Han described Australia’s regulatory framework as robust and conducive to an open financial environment, emphasizing compliance, transparency and user protection as central to Gate’s global strategy. Gate already holds registrations and licenses in multiple jurisdictions including Malta, the Bahamas, Hong Kong, Japan, Dubai and now Australia.
Bottom line
Gate’s latest proof-of-reserves report — $11.67 billion in reserves and a 124% aggregate reserve ratio — signals the exchange has strengthened its liquidity position across a broad basket of nearly 500 tokens. Rising surplus coverage for BTC, ETH and USDT should reassure users about withdrawal safety and operational resilience. Coupled with the AUSTRAC registration and localized security measures, Gate’s moves reflect an intensified focus on compliance, risk management and global expansion within the evolving crypto regulatory landscape.
Source: crypto
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