Gate’s Crypto Reserves Skyrocket – But Why Do They Have More Than Us? 🤔💸

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Gate just dropped their latest proof-of-reserves report, and let me tell you-this is the crypto equivalent of your mom showing off her emergency savings. Total reserves? $11.67 billion. Reserve ratio? A staggering 124%. That means Gate has more crypto in their vault than users do. Y’know, like if your bank had a secret stash of your money just to feel smug. 🤷♀️💰

  • Gate’s reserves now cover nearly 500 tokens. If you’re confused, don’t worry-I thought there were only 3 types of crypto. 🤯
  • Gate officially launched in Australia after registering with AUSTRAC. Because nothing says “global trust” like jumping through regulatory hoops. 🏇

On Nov. 3, Gate released their report (because nothing says “financial transparency” like a spreadsheet full of numbers). As of Oct. 28, their reserves hit $11.67 billion. Their reserve ratio is 124%, which basically means they’re holding extra crypto like it’s the 2021 bull run and they’re trying to outdo Elon. 🚀

They’ve got 500 types of user assets covered. That’s more diversity than a modern art museum. 🎨 The report highlights big wins for BTC, ETH, and USDT. Let’s break it down:

Bitcoin (BTC): Users have 18,536 BTC. Gate has 24,833 BTC in reserves. That’s a 33.96% surplus. Up from 33.48% last month-because 0.48% more smugness is a huge deal. 🐱

Ethereum (ETH): Users have 332,801 ETH. Gate has 419,096 ETH. That’s a 25.93% surplus. Up from 23.58% last month. Progress! 🎉

USDT (USDT): Users have 1.33 billion USDT. Gate has 1.58 billion. That’s a 18.74% surplus. Because why trust just your money when you can trust more of it? 🤷♀️

Other tokens? Gate’s got a 150.98% reserve ratio for their native GT token. DOGE and XRP aren’t slouches either (108.12% and 116.66%). Basically, they’re saying, “We’re all above 100%-now panic about your own portfolio.” 😅

These numbers are impressive, especially with crypto’s recent “meh” phase. Gate’s liquidity is stronger than my commitment to New Year’s resolutions. And they’re building trust by hoarding more crypto than you. Because nothing says “trust” like a 124% reserve ratio. 🛡️

Gate Expands into Australia

On Nov. 3, Gate Group registered with AUSTRAC as a digital currency exchange. They’re now offering localized products for Australian users. Because nothing says “local flavor” like a crypto exchange that doesn’t know how to make a decent flat white. ☕

Security features include SSL encryption (same tech that protects your cat’s Instagram), offline Bitcoin wallets, and two-factor authentication. Because if your ex can’t hack your account, it’s a success. 🔐

Founder Dr. Han praised Australia’s “robust” regulatory framework. Translation: They finally found a country that doesn’t make them cry during compliance. 🙌 Han also emphasized compliance, transparency, and user protection. Because nothing’s more important than your data privacy… until profits. 💼

“The launch of Gate Australia is a key step in our global compliance strategy,” said Han. Translation: We’re now legal in Australia. 🎉

Gate now has licenses in Malta, the Bahamas, Hong Kong, Japan, Australia, and Dubai. Because why pick one timezone when you can stress out users in all of them? 🌍

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Gate’s Crypto Reserves Skyrocket – But Why Do They Have More Than Us? 🤔💸

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2025-11-03 14:11