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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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#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
OpenTrade completes $7 million strategic financing to help high-inflation countries obtain stablecoin yields.
According to Gate News bot, CoinDesk reported that UK-based OpenTrade recently completed a $7 million strategic financing round. This round was led by Notion Capital and Mercury Fund, with participation from a16z crypto, AlbionVC, and CMCC Global, bringing OpenTrade's total funding to $11 million.
OpenTrade offers a "Yield as a Service" platform and is now providing services for fintech applications such as Criptan in Spain and Littio in Colombia. The platform is dedicated to helping users in high-inflation countries such as Argentina and Colombia to access USD and EUR stablecoin yields through their mobile phones, in response to the low interest rate environment in local banks.
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