# Gate Reserves Reach $8.688 Billion With 118.49% Coverage

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/36798
Published: 2026-10-21T15:36:26.000Z
Updated: 2026-10-21T15:36:26.000Z
Section: Business

> The exchange's latest snapshot covered 500 cryptocurrencies and showed a 5.7% increase in total reserves from the previous period.

Gate, a cryptocurrency exchange, held $8.688 billion in reserves as of Oct. 18, giving it 118.49% coverage of customer balances in its latest proof-of-reserves snapshot.

Total reserves rose 5.7% from the previous period. The snapshot covered 500 cryptocurrencies. A coverage ratio above 100% means the exchange held more in reserves than the customer balances measured in the snapshot.

For Bitcoin (BTC), Gate held 25,727 coins against 21,156 in customer accounts. Bitcoin coverage rose to 121.60% from 120.32%. Ether (ETH) reserves totaled 449,042 coins against customer holdings of 362,785, lifting coverage to 123.78% from 123.59%.

Across four stablecoins — USDT, USD1, GUSD and USDC — Gate held about $1.746 billion in reserves against roughly $1.497 billion in customer assets. That put combined stablecoin coverage at 116.59%.

The figures measure reserves against customer balances at the Oct. 18 snapshot date. For each of the asset groups detailed in the snapshot, Gate listed reserves above the corresponding customer holdings.