According to Gate, its March 16, 2026 proof-of-reserves report showed reserves exceeding user holdings across Bitcoin, Ethereum, and Tether’s USDT stablecoin.
Gate said its latest proof-of-reserves report showed a total reserve ratio of 122% as of March 16, 2026, indicating assets held in reserve exceeded customer balances. The company reported 17,216 Bitcoin in user assets against 25,404 Bitcoin in reserves, while Ethereum reserves reached 439,611 ETH and Tether’s USDT stablecoin reserves totaled 1.477 billion. Proof of reserves (verification of held assets) is commonly used by crypto exchanges to demonstrate that customer deposits are backed by on-platform holdings.