Gate Reserves Reach $8.688B, Coverage Rises to 118.49%
Gate’s latest proof-of-reserves report puts total reserves at $8.688 billion as of 18 October 2026, up 5.7% from the previous report. Customer net assets were $7.332 billion, lifting overall reserve coverage to 118.49% from 117.26%. The report covers 500 assets and shows Gate reserves exceeding customer holdings across the assets disclosed.
BTC and ETH coverage stood at 121.60% and 123.78%. Four stablecoins—USDT, USD1, GUSD and USDC—had combined coverage of 116.59%. DOGE, GT and SOL coverage was 106.76%, 129.00% and 102.51%, respectively. Gate says its proof-of-reserves process uses wallet ownership checks, user balance snapshots, Merkle trees and zero-knowledge proofs. The higher coverage may reassure traders about disclosed assets, but proof-of-reserves figures alone do not establish an exchange’s overall financial health or remove other risks.
Neutral
The report shows Gate’s disclosed reserves increased and remain above customer assets, which may modestly support confidence in the covered tokens and reduce concerns about exchange-related selling pressure. However, it reports asset backing rather than new demand, adoption or changes to token fundamentals, so it is unlikely to provide a strong direct price catalyst for BTC, ETH, DOGE, GT or SOL. In the short term, traders may view the figures as a reassurance signal, but broader market conditions and liquidity are likely to matter more. Over the longer term, regular reserve disclosures may contribute to confidence in custody practices, while the report’s stated limitations mean traders should not treat it as a complete measure of exchange solvency or market risk. Overall, the price impact on the mentioned cryptocurrencies is likely to be limited and neutral.