#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
Moonpay has received a BitLicense and a money transmission license from New York regulators.
Gate News bot message, Moonpay USA has obtained the BitLicense and currency transfer license issued by the New York State Department of Financial Services (NYDFS), allowing it to provide comprehensive fiat to Crypto Assets services for New York customers.
This milestone marks the completion of Moonpay's regulatory coverage in the United States, enabling it to directly serve customers in all 50 states. With this approval, Moonpay joins the ranks of the few Crypto Assets payment providers authorized to conduct virtual currency business in New York.
Moonpay also holds currency transfer licenses in 46 other U.S. jurisdictions and has expanded its international regulatory scope, including registrations in the UK, Australia, and Canada. Previously, Moonpay opened a new headquarters in New York City and achieved record financial performance in 2024.
Source: Bitcoin.com