The First Exchange to Conduct a Proof-of-Reserves Audit in Crypto Industry, Gate.io Starts its Second Third-party Audit

Gate.io has announced that it will commence another proof-of-reserves audit to provide user verifiable reserves data through a Merkle tree implementation audited by a leading third-party firm. In 2020, as the first cryptocurrency exchange in the world to commit to providing 100% collateral, Gate.io worked closely with Armanino LLP, a leading US audit firm, to …