Gate.io Announces Its Reserves: Here Are The Altcoins That Stock Exchange Holds The Most!

Cryptocurrency Nansen, the analysis company explaining the amount of reserves held by the stock exchanges and their details, added a new one to the stock exchanges that it had previously provided information on, together with Gate.io.

According to the data shared by Nansen, at the time of this writing, Gate.io has a total of approximately $1.64 billion in cryptocurrency reserves.

What Altcoins Are in Gate.io’s Reserves?

A significant part of these cryptocurrencies is the local token of the stock market. from GT appears to occur. GT accounts for 22.61% of the cryptocurrency exchange’s assets. However, the stock’s total GT assets are around $371 million at the time of writing.

The second most abundant asset in Gate.io’s reserves is stablecoin USDT declared as. USDT accounts for 17.90% of the exchange’s reserves, and the exchange has a total of $293 million USDT coins.

The third most abundant altcoin among the stock’s assets Ethereum (ETH) it happened. The company has 214,000 ETH tokens with a total value of $251 million.

Chart showing the distribution of assets owned by Gate.io.

The world’s largest cryptocurrency Bitcoin (BTC) ranked fourth among the company’s assets. According to Nansen data, 11.56% of Gate.io’s assets consist of BTC and their value is $189 million.

Ranked fifth among the largest of the company’s assets Shiba Inu (SHIB) meme token. SHIB accounts for 3.45% of the exchange’s assets, and at the time of this writing, the company has approximately $56 million in SHIB tokens.

The other assets of the exchange account for 29% of the total amount and their total value is around 478 million dollars.

However, Nansen added, “Gate.io also currently holds more tokens on chains that are not supported by the Nansen Portfolio.”

*Not investment advice.

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