Following another major crypto exchange collapse, user concerns around the solvency, security, and stability of crypto exchanges have reignited, leading to discussions regarding exchange reserves. As a result, attention has shifted toward crypto exchanges such as Gate.io, the first to provide a Proof of Reserves audit with Merkle Tree verification.

While many exchanges are just now starting to voice commitments to proving reserves in response to the recent events, Gate.io’s commitment to Proof of Reserves dates back three years.

(By Jacob Thomas)