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- 🏁 Gate Red Bull Racing Tour 2025 In Full Swing!
Up to now, the total trading volume exceeded $2 billion, with top trader trading volume nearing $200 million
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✅ 5,000 GT Prize Pool
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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
🟢 Excess reserves: $1.96B — ensuring full coverage and extra security for user assets.
Gate continues to uphold 100% proof-of-reserves and full transparency.
🔗 Read the full report: https://www.gate.com/zh/announcements/article/45617
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- #Gate Latest Proof of Reserves Reaches 10.453 Billion Dollars#
Gate has released its latest Proof of Reserves report! As of June 2025, the total value of Gate’s reserves stands at $10.453 billion, covering over 350 types of user assets, with a total reserve ratio of 123.09% and an excess reserve of $1.96 billion.
Currently, BTC, ETH, and USDT are backed by more than 100% reserves. The BTC customer balance is 17,022.60, and Gate’s BTC balance is 23,611.00, with an excess reserve ratio of 38.70%.The ETH customer balance is 386,645.00, and Gate’s ETH balance is 437,127.00, with an excess reserve
Spanish bank BBVA suggests customers allocate 7% of their funds to cryptocurrency.
Spain's second largest bank, BBVA, has recommended that wealthy clients allocate 3–7% of their investment portfolio to cryptocurrency, especially Bitcoin (BTC), depending on their risk tolerance. Philippe Meyer, Director of Digital Solutions and Blockchain at BBVA Switzerland, stated that adding 3% BTC to a balanced portfolio has helped improve performance without significantly increasing risk.
Since 2021, BBVA has implemented crypto transactions and will transition to active consulting by the end of 2024. By March 2025, the bank will be licensed to offer Bitcoin and Ether trading services in Spain. These features will soon be integrated into the mobile application.
BBVA's move comes as the EU tightens regulations on cryptocurrencies through MiCA, while most EU banks continue to avoid the sector. Santander is also considering issuing a stablecoin.