#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
South Korean BTC 'Kimchi Premium' rose to 9.7% this morning, hitting a 10-month high
According to Jinse Finance, affected by Trump's trade war, South Korea's BTC 'Kimchi Premium' soared to 9.7% at 2:00 am on February 3, reaching a 10-month high since April 2024. Presto Research analyst Min Jung said that Kimchi Premium usually rises during bull markets, but it may also surge during panic sell-offs due to the lower selling pressure on Korean exchanges compared to the global market. As of writing, Kimchi Premium has fallen to 8.24%, while the historical average level is around 5%.