Gate.io releases the reserve report for October 2024: total reserves of $6.499 billion, with excess reserves growing by 26.6%

According to ChainCatcher news, in an official announcement, Gate.io released its reserve report for October 2024, with a total reserve amount of $6.499 billion and a total reserve ratio of 120.22%. The excess reserves reached $1.093 billion, an increase of 26.6% compared to May. In terms of mainstream cryptocurrency reserves, the BTC reserve amount is 20,070 coins, a 9% increase from May, with a reserve ratio of 119.54%; the ETH reserve amount is 275,530 coins, a 16.7% increase from May, with a reserve ratio of 125.84%.

It is understood that Gate.io's October reserve report covers 209 digital assets, with each asset's reserve ratio exceeding 100%. Users can verify their account asset reserves at any time on the 100% reserve page.