Crypto exchange Gate has released its latest Proof of Reserves (PoR) report, showing an overall reserve ratio of 115% as of June 22, 2026. The figure means the exchange holds more assets than are required to cover customer balances, remaining above the industry benchmark of 100%.
According to the report, Gate’s reserves cover nearly 500 different digital assets. The exchange said the additional reserves provide support against market volatility and help strengthen user asset security.
The numbers keep growing. So do the reserves.
Gate’s latest Proof of Reserves report shows a 115% total reserve ratio across nearly 500 user assets, BTC reserves at 25,292 BTC, and USD1 reserves at 782M. Every major asset backed well above industry benchmarks.
Transparency… pic.twitter.com/2zbgOUmQnZ
— Gate (@Gate) June 22, 2026
Among major assets, Bitcoin holdings on the platform increased to 25,292 BTC against user balances of 19,054 BTC, while Ethereum reserves reached 423,960 ETH compared with user holdings of 344,935 ETH. Stablecoin reserves also remained above customer balances, including USDT, USDC, USD1, and GUSD.
The report showed BTC reserves carrying an excess reserve ratio of 32.73%, while ETH posted an excess reserve ratio of 22.91%.
Several stablecoins also recorded strong reserve coverage. USDC showed an excess reserve ratio of 30.75%, while GUSD reached 72.81%. One of the biggest changes came from USD1, where user holdings grew sharply from 6.82 million tokens in the previous report to 712 million tokens. Other major assets also remained above the 100% threshold. Gate reported reserve ratios of 134.18% for GT and 116.92% for XRP.
What strong reserve coverage signals about exchange stability
Strong reserve levels across BTC, ETH, and stablecoins suggest that user deposits remain fully backed even during periods of changing market activity. This level of over-collateralisation is often used by exchanges to build trust, especially after past industry failures where asset backing was unclear.
It also shows how exchanges manage risk, with more platforms holding extra buffers instead of operating at near-balance levels. This helps reduce pressure during sudden withdrawal spikes and supports smoother redemptions when market sentiment turns uncertain.
Is proof of reserves becoming a standard across major exchanges?
Proof of Reserves reports have become increasingly common since the collapse of FTX in 2022 raised questions about how exchanges manage customer assets. Since then, several major platforms, including Binance, OKX, Kraken, and Bybit, have published regular reserve reports to improve transparency.
While Proof of Reserves does not provide a complete picture of a company’s finances because it does not always show liabilities outside customer deposits, it has become one of the main tools exchanges use to demonstrate asset backing. For crypto firms, transparency is increasingly becoming a competitive advantage as users pay closer attention to how platforms safeguard customer funds.
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