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Up to now, the total trading volume exceeded $2 billion, with top trader trading volume nearing $200 million
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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
🟢 Excess reserves: $1.96B — ensuring full coverage and extra security for user assets.
Gate continues to uphold 100% proof-of-reserves and full transparency.
🔗 Read the full report: https://www.gate.com/zh/announcements/article/45617
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- #Gate Latest Proof of Reserves Reaches 10.453 Billion Dollars#
Gate has released its latest Proof of Reserves report! As of June 2025, the total value of Gate’s reserves stands at $10.453 billion, covering over 350 types of user assets, with a total reserve ratio of 123.09% and an excess reserve of $1.96 billion.
Currently, BTC, ETH, and USDT are backed by more than 100% reserves. The BTC customer balance is 17,022.60, and Gate’s BTC balance is 23,611.00, with an excess reserve ratio of 38.70%.The ETH customer balance is 386,645.00, and Gate’s ETH balance is 437,127.00, with an excess reserve
African digital lending startup Carrot secures $4.2 million in seed funding.
According to Deep Tide TechFlow news on May 24, as reported by Crowdfund Insider, the African digital lending startup Carrot announced the completion of a $4.2 million seed round financing, led by MaC Venture Capital, with participation from Partech Africa and Authentic Ventures.
Carrot allows users to obtain credit by using stocks, fixed income products, cryptocurrencies, and other alternative investment products as collateral. The platform aims to address the limited traditional credit scoring infrastructure in the African market, providing individuals and small businesses with reliable and affordable credit channels.
Since its launch, Carrot has issued over $2 million in credit, serving more than 10,000 users. This round of financing will be used to expand the team, broaden business operations, and accelerate product development, including investments in artificial intelligence to enhance its credit scoring, risk management, and fraud prevention systems.
Carrot founder and CEO Bolu Aiki-Raji stated that the company plans to expand its services to other African countries by the end of 2025.