Gate released a new margin reserve report, with total reserves reaching $11.67 billion and total reserve ratio across 500 assets reaching 124%.
summary
- Gate releases its latest reserve proof report showing total reserves of $11.67 billion and an overall reserve ratio of 124%, demonstrating strong liquidity and asset coverage across nearly 500 supported tokens.
- The exchange also announced its formal expansion into Australia following registration with AUSTRAC, marking another step in Gate’s global compliance strategy.
On November 3, the cryptocurrency exchange released its latest proof of reserves report, which shows the reserves of the platform. As of October 28, total reserves held on exchanges reached $11.67 billion, with an overall reserve ratio of 124%. This means that exchanges hold far more assets in reserves than user balances on the platform.
According to the report, the platform’s reserves currently cover approximately 500 types of user assets, making it one of the most diverse holdings of any major crypto exchange. This report focuses on some of the significant reserves of major cryptocurrencies that are increasing in proportion.
When it comes to Bitcoin (BTC), users on the platform hold a total of 18,536 BTC. Meanwhile, Gate maintains reserves of approximately 24,833 BTC, which corresponds to an excess reserve ratio of 33.96%. Compared to the previous month, excess reserves increased from 33.48%.
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Similarly, for Ethereum (ETH), the amount held by users is 332,801 ETH. The platform’s reserve ratio is just over 25% higher than the amount held by users, amounting to 419,096 ETH. Similar to Bitcoin, the excess ratio increased from 23.58% to 25.93% compared to the previous month.
Meanwhile, USDT (USDT) holdings are also in healthy surplus, with user deposits reaching 1.33 billion USDT and gate reserves reaching 1.58 billion USDT, maintaining an excess ratio of 18.74%.
Beyond its core assets, Gate’s reserves in other popular tokens continue to exceed user holdings. The platform’s native token GT (GT) leads with a reserve percentage of 150.98%, while DOGE (DOGE) and XRP (XRP) maintain 108.12% and 116.66%, respectively. Overall, all tokens held by the exchange are above the 100% readiness threshold.
These numbers suggest that Gate’s financial position remains resilient amid widespread market volatility, given that most of its assets have been trending downward over the past few days. This means that Gate has a stronger liquidity position compared to the previous month and continues to maintain user confidence by building up reserves.
Gate expands to Australia
On November 3, Gate Group officially registered its services with the Australian Trade Reporting and Analysis Center as a digital currency exchange provider, and has already launched. As part of the expansion, the platform will offer localized products, websites and features for Australian users.
Gate Australia integrates multiple security measures, including an SSL encrypted connection, offline Bitcoin wallet technology, two-factor authentication, and instant deposit and withdrawal capabilities.
Gate Group founder and CEO Dr Han believes Australia’s regulatory framework for digital asset service providers is very strong and the region has an “open financial environment”. Mr. Han emphasized the importance of compliance, transparency, and user protection for the company.
“The official launch of Gate Australia is not only an important step in our global compliance strategy, but also underscores our long-term commitment to providing secure and reliable services to users around the world,” Han said in an updated statement.
Currently, this cryptocurrency exchange holds registered licenses in several regions including Malta, Bahamas, Hong Kong, Japan, Australia, and Dubai.
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