Users today are no longer in a state of information asymmetry as before; proof of asset reserves is a basic requirement for trustworthiness from exchanges.
User trust is particularly fragile; it is hard to establish and can collapse in an instant.
You see, now old exchanges release reserve reports every month, which is actually to reassure everyone. I looked at the latest report from Gate @Gateio_zh, and the data is quite solid: total reserves exceed $10.453 billion, with an excess of $1.96 billion, and a reserve ratio of 123.09%.
On-chain assets can all be verified: BTC reserve ratio is 138%, ETH is 113%, USDT is 112%, and even $GT, DOGE, and XRP are all above 100%. More than 350 types of assets are covered, and whether you can withdraw, exchange, or verify, the data is all laid out here.
In this market, being able to check assets at any time and withdraw them gives a sense of security; this is the same for any exchange, and that’s quite good!
For more detailed information, you can check here:
#GatePoR
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