Gate said its latest proof-of-reserves report showed overall reserve coverage of 115% as of June 22, 2026, spanning nearly 500 user assets. The update listed BTC reserves of 25,292 against 19,054 user BTC, ETH reserves of 423,960 against 344,935 user ETH, and USDT reserves of 1.432 billion against 1.418 billion user USDT, indicating holdings above customer balances. It also said USD1 user assets rose to 712 million from 6.82 million previously. Proof-of-reserves reports are used by crypto exchanges to show whether on-platform customer assets are backed by holdings kept in reserve.