Gate reports $8.69B in reserves with 118.49% coverage ratio
- —Total reserves of $8.69B cover user assets at 118.49% across 500 coins
- —BTC: 25,727 held vs 21,156 user assets, coverage 121.60%
- —ETH: 449,042 held vs 362,785 user assets, coverage 123.78%
- —Stablecoins USDT, USD1, GUSD and USDC combined at 116.59% coverage
Why it matters: Coverage above 100% shows the exchange holds surplus reserves, reducing the risk of a shortfall in client funds.
Source: TokenPost