Digital Currency
Add as a preferred source on GoogleIts tracked on-chain assets totaled about $7.49 billion, or $6.19 billion excluding its platform token. Reserves stood at $8.688 billion as of Oct. 18, with a 118.49% ratio across 500 tokens.
Gate’s spot market recorded $1.6 billion in trading over a 24-hour period on Tuesday, Oct. 20, placing it second among centralized exchanges by volume for that period.
Tracked on-chain assets associated with Gate came to about $7.49 billion. On a platform-token-excluded basis, Gate had about $6.19 billion in tracked assets and ranked sixth.
As of Oct. 18, reserves stood at $8.688 billion, according to Gate’s proof-of-reserves figures. They showed a 118.49% reserve ratio across 500 tokens.
South Korea’s Financial Services Commission (FSC) will examine exchange participation, investor protections and how licensing and other business activities could fit alongside STO services.
The Sept. 25-29 window saw about $1.38 billion in volume and coincided with swaps of funds stolen from Bitget. Quarterly fees were about $5.77 million.
Deputy Commissioner Park Hae-young said the spending may fit a business-promotion category. She said confirmed tax evasion would prompt a strict investigation.
