Gate Ranks Second in Spot Volume, Sixth in Tracked Assets Excluding Platform Token

Gate ranked second among centralized exchanges in 24-hour spot volume on Oct. 20, while its tracked on-chain assets ranked sixth when its platform token was excluded. Spot volume totaled $1.6 billion over the 24-hour period. Gate's tracked on-chain assets were valued at about $7.49 billion. Excluding its platform token brought the total to about $6.19 billion, placing the exchange sixth by that measure. Separately, Gate's latest proof of reserves showed total reserves of $8.688 billion as of Oct. 18. The reserve ratio was 118.49%, covering 500 tokens. Enna Lee reports on investing and digital-asset markets for TokenPost.