Fintech PR
Gate.io’s Proof of Reserves Report Reveals $4.3B in Assets with 115% Reserve Ratio for 171 Assets
PANAMA CITY, Jan. 24, 2024 /PRNewswire/ — Gate.io, a leading crypto exchange and Web3 innovator, has released its January 2024 Proof of Reserves (PoR), verifiably demonstrating $4.3 billion in total held assets with a ratio of 115.47%, representing over $584 million retained in excess of user deposits. The latest report also demonstrates an increase of $1.1 billion in value since the previous report this past November and marks the fourth year Gate.io has produced user-verifiable PoR.
Gate.io’s newest report covers more than 171 digital assets, the most of any exchange. An additional 59 assets have been included since the previous report, 26 of which are BRC-20 tokens, including SATS, ORDI, MUBI, TRAC, NALS, PIZA (PIZABRC), PEPE (PEPEBRC), and others. Each of the 171 assets is reported to have a reserve ratio of ≥100%. Additional key data from the report includes:
- Total Reserve Value: 4,363,990,957 USD
- Extra Reserves: 584,704,086 USD
- Total Reserve Ratio: 115.47%
- BTC: 127.33%
- ETH: 120.54%
- USDT: 101.30%
- USDC: 129.34%
Dr. Lin Han, Founder and CEO of Gate.io, said: “Transparency matters for individuals and industry integrity. It ensures users can safely and confidently participate in the market and promotes best practices among exchanges. We will continually respond to input from users, external experts, and peers to ensure security, privacy, and transparency in our reserves reporting.”
Gate.io’s PoR Method Praised by Auditor
Late last year, Gate.io introduced significant zero-knowledge verifiability and privacy upgrades to its PoR, expanded the list of reflected assets, and committed to more regular reporting. A January audit by the renowned blockchain security firm Hacken praised the new method as “a testament to a strong foundation in cryptographic implementation,” finding that it contributes “significantly to the field.”
Gate.io has been conducting PoR since 2020 when it became one of the first to produce third-party audited, use-verifiable PoR with a Merkle tree approach. This was repeated in 2022 before FTX’s collapse, when Gate.io encouraged others to follow, releasing its method as open source. The November 2023 report utilized the previously mentioned upgrades, making Gate.io’s PoR the most extensive of any exchange.
Gate.io’s January 2024 reserves report data is available on its PoR portal, where users can independently verify whether their account and deposits were reflected and view other detailed information.
About Gate.io:
Established in 2013, Gate.io is one of the world’s earliest cryptocurrency exchanges and a leader among compliant and secure digital asset platforms, offering diverse trading services with 100% user-verifiable Proof of Reserves. Further, the platform has consistently ranked as one of the top 10 cryptocurrency exchanges based on liquidity and trading volume on CoinGecko. Besides its primary exchange services, Gate.io has diversified its ecosystem to offer decentralized finance, research and analytics, venture capital investing, wallet services, startup incubation, and more. The platform currently serves more than 13 million active users worldwide.
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Fintech
io.finnet and Cede Labs Partner to Transform Multi-Exchange Portfolio Management for Institutions
io.finnet, a leader in digital asset infrastructure, has partnered with Cede Labs, to introduce a solution for centralized exchange (CEX) connectivity. This collaboration provides institutional clients with a streamlined, secure platform for comprehensive multi-exchange portfolio management. Through this integration, io.finnet clients can now access leading exchanges such as Binance, Coinbase, Bybit, OKX, Kraken and more with features tailored for institutional-grade governance and operational efficiency.
Institutional digital asset management faces increasing complexity as businesses demand more secure and efficient tools to oversee diverse portfolios. With 70% of institutional investors expecting a surge in digital asset-focused funds, the need for secure and efficient multi-exchange solutions has never been greater.
“Businesses require solutions that simplify the complexity of managing assets across exchanges while maintaining the highest standards of security.” said Jacob Plaster, CTO of io.finnet. “Through our partnership with Cede Labs, clients can seamlessly connect their exchange accounts and manage their entire portfolio within a unified, secure environment.”
Unlike traditional offerings, io.finnet’s integration with Cede Labs introduces secure account-linking capabilities, allowing clients to effortlessly connect and unlink their exchange accounts while adhering to strict governance protocols. Unified tracking capabilities further enhance this solution, enabling users to monitor their portfolios across all connected exchanges in real-time. This includes the ability to oversee spot and trading wallets, derivatives positions, and sub-accounts under a single pane of glass, a feature few competitors offer at this scale.
Pierre Ni, CEO of Cede Labs, highlighted the impact on institutional workflows: “We are proud to collaborate with io.finnet to redefine digital asset custody and management. By unlocking new use cases for corporates, market makers, liquid funds, foundations, and fintechs through CEX connectivity, we believe io.finnet can grow to become one of the top self-custody players.”
This partnership is particularly timely as market demand for interoperable solutions continues to rise. The integration will eliminate the need to navigate multiple platforms and provide institutions with real-time visibility across their digital asset holdings, enabling seamless exchange connectivity and enhanced risk management.
io.finnet is committed to enhancing its exchange connectivity capabilities with deposits, withdrawals, trades, and sub-account transfers to further streamline asset management workflows. Stay tuned for exciting updates as we expand the possibilities of our Exchange Connectivity feature.
The post io.finnet and Cede Labs Partner to Transform Multi-Exchange Portfolio Management for Institutions appeared first on News, Events, Advertising Options.
Fintech PR
ENIM TECHNOLOGIES AND THE ROYAL CANADIAN MINT EXPLORE THE INTEGRATION OF ECO-RESPONSIBLE METALS EXTRACTED FROM ELECTRONIC WASTE IN THE MINT’S OPERATIONS
MONTREAL, Jan. 15, 2025 /PRNewswire/ — Enim Technologies Inc. (“enim”), an innovative company that specializes in the revalorization of precious metals and critical strategic minerals from obsolete electronic devices, and the Royal Canadian Mint (the “Mint”), one of the world’s leading precious metals refiners renowned for its commitment to innovation and sustainability, are pleased to announce that they are exploring areas of collaboration which are mutually beneficial. Areas being explored include the feasibility of incorporating enim’s revalorized metals — including gold, silver, and copper — into the Mint’s future coin production, alongside the exchange of expertise in related strategic fields.
“This exploration of collaboration opportunities with the Mint marks a milestone in our mission to transform electronic waste into eco-responsible products. Engaging in discussions with such a respected institution as the Mint validates for enim that circular revalorization can provide some of the most sustainable and prized metals on the market,” said Simon Racicot-Daignault, President and CEO of enim. “At enim, we believe this is a productive step to achieving our goal of setting a new standard for more resilient and environmentally responsible supply chains.”
“For more than a century, the Mint has operated one of the world’s leading refineries, delivering innovative products of the highest quality and unparalleled purity. As a high-volume gold refiner, the Mint is committed to operating sustainably, finding new and innovative ways to maximize environmental responsibility. Sourcing metals recovered through urban mining complements our ability to do that and presents an exciting opportunity for the Mint to participate in the circular economy,” said Marie Lemay, President and CEO of the Royal Canadian Mint. “As enim takes major steps to grow its innovative technology and unlock the full value of electronic waste, we look forward to exploring the possibility of tapping into a new source of metals responsibly recovered on Canadian soil.”
Two Canadian Organizations Passionate About Achieving a Sustainable Future
The Mint and enim are two Canadian organizations that share strong values around quality, sustainability, and innovation. enim, which plans to launch its first commercial facility in 2027, is distinguished by its eco-responsible, patented hydrometallurgical technology. This approach enables the optimal revalorization of obsolete electronic boards by responsibly processing metallic, plastic, and ceramic fractions through an eco-friendly solution. enim’s circular model, which aims to be zero-waste, minimizes the environmental footprint and ensures full traceability of its ethically recycled co-products which could, in the future, allow the Mint to offer its clients innovative products crafted from revalorized metals.
By extracting precious metals from obsolete printed circuit boards without using harmful substances such as cyanide, enim also provides a solution to the social and environmental challenge of e-waste management. This circular model not only meets the needs of modern supply chains but also addresses an emerging high-value market for investors seeking distinctive, traceable products with a low environmental impact.
Strengthening Expertise Via Strategic Collaboration
Exploring collaboration opportunities with the Mint could allow enim to benefit from this Crown corporation’s high standards for quality and sustainability, as well as for responsible procurement. This synergy could pave the way for future initiatives enabling enim and the Mint to meet demand for responsibly sourced precious metals and ethical recycled materials, while sending a strong signal about the potential of urban mining and innovative circular solutions to build a more sustainable future.
Urban Mining: A Strategic Resource for a Sustainable Future
According to a report by a UN agency, 62 billion kilograms of electronic waste were generated worldwide in 2022, but only 22% was collected and revalorized in a documented manner. Each year, precious metals lost through incineration or landfilling represent an approximate value of USD 62 billion, causing additional significant environmental and social issues. This urban mine represents a major opportunity to revalorize these precious metals and other critical and strategic minerals contained in electronic waste—a sustainable activity with high growth potential that also contributes to reducing the environmental impact associated with primary mining.
The global legislative landscape, particularly regarding recycled content, waste management, carbon footprint, and biodiversity commitments, also favors innovative solutions like those offered by enim.
About enim
enim is a company specializing in the revalorization of precious metals, critical and strategic minerals, and other materials derived from the treatment of obsolete printed circuit boards coming from the urban mine. With a patented eco-responsible hydrometallurgical technology, enim extracts precious metals without using harmful substances such as cyanide, significantly reducing the ecological footprint of operations that support a circular economy with a zero-waste goal. The organization offers an environmentally friendly alternative to traditional mining and pyrometallurgical recovery methods, creating a sustainable and circular economy. enim’s strategy is focused on urban mining-based recycling using locally sourced materials. enim’s current shareholders are Seneca and Dundee Sustainable Technologies.
For more information on the enim solution, visit www.enim.ca. Follow enim on LinkedIn.
About the Royal Canadian Mint
The Royal Canadian Mint is the Crown corporation responsible for the minting and distribution of Canada’s circulation coins. The Mint is one of the largest and most versatile mints in the world, producing award-winning collector coins, market-leading bullion products, as well as Canada’s prestigious military and civilian honours. As an established London and COMEX Good Delivery refiner, the Mint also offers a full spectrum of best-in-class gold and silver refining services. As an organization that strives to take better care of the environment, to cultivate safe and inclusive workplaces and to make a positive impact on the communities where it operates, the Mint integrates environmental, social and governance practices in every aspect of its operations.
For more information on the Mint, its products and services, visit www.mint.ca. Follow the Mint on LinkedIn, Facebook and Instagram.
Contribute to the circular economy: Repair, repurpose, and recycle your obsolete electronic devices and be part of the solution for a more sustainable future!
Contacts: enim, Gabriel Trottier-Hardy, Director, Development & Legal Affairs, 514 458-6350, [email protected]; Mathieu Pagé, Advisor, Exponentiel, 514-942-9295, [email protected]; Royal Canadian Mint: Alex Reeves, Senior Manager, Public Affairs, 613-884-6370, [email protected]
Fintech PR
Cboe Unveils New Brand for Exchange Technology Platform, Marking New Chapter in Technology Innovation and Growth
- Cboe’s exchange technology platform branded as Cboe TitaniumSM (Cboe TiSM)
- Titanium chosen as namesake to reflect Cboe Ti’s lightweight strength, durability and resilience
- New brand marks the milestone of Cboe’s final technology migrations to be completed in the first half of 2025
CHICAGO, Jan. 15, 2025 /PRNewswire/ — Cboe Global Markets, Inc. (Cboe: CBOE), the world’s leading derivatives and securities exchange network, today unveiled a new brand identity for its exchange technology platform, signaling an exciting new chapter in Cboe’s ongoing evolution and deepening commitment to delivering best-in-class trading technology and innovation for market participants around the globe. The technology platform powering Cboe’s world-class exchange operations for trading options, futures and equities across its markets globally is now named Cboe TitaniumSM (Cboe TiSM).
“Cboe capped off another strong year of growth, delivering trading solutions and products to help customers around the globe navigate markets. Underpinning this success is Cboe’s leading-edge technology, which not only powers every aspect of our business and operations, but also helps to enable innovation across our markets, products, data and insights,” said Chris Isaacson, Chief Operating Officer at Cboe Global Markets. “Inspired by titanium’s exceptional durability and resilience, our new brand identity – Cboe Titanium, or Cboe Ti for short – aims to reflect the enduring strength, reliability and transformative power of our technology platform. As we look to the next chapter of Cboe’s growth, Cboe Ti will continue to deliver the world-class trading experience that our equities and derivatives customers globally have come to expect, helping to enable efficient price discovery, robust liquidity and opportunities for diverse trading strategies – all on a unified global technology platform.”
Cboe Ti (pronounced “T-I”, like the element symbol) powers Cboe’s options, equities and futures markets in the U.S., UK, Europe, Japan and Australia, with Cboe Canada expected to migrate to Cboe Ti on March 3, 2025. Cboe also plans to transition its cash-settled bitcoin and ether futures contracts, currently available for trading on the Cboe Digital Exchange, to the Cboe Futures Exchange (CFE) running on Cboe Ti in the second quarter of 2025, pending regulatory review. This will conclude a multi-year effort to bring all Cboe’s equities and derivatives markets across the globe onto a unified, globally consistent, yet locally optimized technology platform.
Using common protocols and features, Cboe’s unified technology platform is designed to offer customers an efficient, consistent experience regardless of where they are in the world. Meanwhile, the flexibility of Cboe Ti allows Cboe to locally optimize and customize the platform for the unique needs of any market or asset class. This enables enhanced consistency and scalability, allowing Cboe to build a feature or product once and then deploy it globally, bringing innovative products, features and data to new markets and customers at greater speed. This effort aligns with Cboe’s global strategy and commitment to expanding access to its markets, products, data and services to customers across the world.
Cboe expects to continue to invest in and scale its global technology infrastructure, operations and capabilities to meet market demand. Amid heightened volatility and record trading volumes in 2024, Cboe maintained 100% uptime across 25 of its 27 global platforms and achieved greater than 99.9% uptime across all 27 platforms. In U.S. options, where Cboe handled in 2024 approximately 100 billion quotes and orders a day across its four options exchanges, Cboe introduced a new access architecture to provide customers greater consistency for quoting and accessing liquidity. In equities, Cboe introduced Dedicated Cores, an optional service designed to help enhance consistency and improve overall performance for customers. Dedicated Cores reduced latency for customers who have purchased the service by 60% in the U.S. and has now been introduced in the UK and European Union, with plans to launch in Australia this month, pending regulatory approval.
Through powering trading operations, Cboe is committed to utilizing Cboe Ti to build a trusted global marketplace. To learn more, visit www.cboe.com/titanium.
About Cboe Global Markets
Cboe Global Markets (Cboe: CBOE), the world’s leading derivatives and securities exchange network, delivers cutting-edge trading, clearing and investment solutions to people around the world. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives and FX across North America, Europe and Asia Pacific. Above all, we are committed to building a trusted, inclusive global marketplace that enables people to pursue a sustainable financial future. To learn more about the Exchange for the World Stage, visit www.cboe.com.
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Cboe® and Cboe Global Markets® are registered trademarks of Cboe Exchange, Inc. All other trademarks and service marks are the property of their respective owners.
Cautionary Statements Regarding Forward-Looking Information
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. You can identify these statements by forward-looking words such as “may,” “might,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential” or “continue,” and the negative of these terms and other comparable terminology. All statements that reflect our expectations, assumptions or projections about the future other than statements of historical fact are forward-looking statements. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from those expressed or implied by the forward-looking statements.
We operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible to predict all risks and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.
Some factors that could cause actual results to differ include: the loss of our right to exclusively list and trade certain index options and futures products; economic, political and market conditions; compliance with legal and regulatory obligations; price competition and consolidation in our industry; decreases in trading or clearing volumes, market data fees or a shift in the mix of products traded on our exchanges; legislative or regulatory changes or changes in tax regimes; our ability to protect our systems and communication networks from security vulnerabilities and breaches; our ability to attract and retain skilled management and other personnel; increasing competition by foreign and domestic entities; our dependence on and exposure to risk from third parties; global expansion of operations; factors that impact the quality and integrity of our and other applicable indices; our ability to manage our growth and strategic acquisitions or alliances effectively; our ability to operate our business without violating the intellectual property rights of others and the costs associated with protecting our intellectual property rights; our ability to minimize the risks, including our credit, counterparty, investment, and default risks, associated with operating a European clearinghouse; our ability to accommodate trading and clearing volume and transaction traffic, including significant increases, without failure or degradation of performance of our systems; misconduct by those who use our markets or our products or for whom we clear transactions; challenges to our use of open source software code; our ability to meet our compliance obligations, including managing potential conflicts between our regulatory responsibilities and our for-profit status; our ability to maintain BIDS Trading as an independently managed and operated trading venue, separate from and not integrated with our registered national securities exchanges; damage to our reputation; the ability of our compliance and risk management methods to effectively monitor and manage our risks; restrictions imposed by our debt obligations and our ability to make payments on or refinance our debt obligations; our ability to maintain an investment grade credit rating; impairment of our goodwill, long-lived assets, investments or intangible assets; the impacts of pandemics; the accuracy of our estimates and expectations; litigation risks and other liabilities; and risks relating to digital assets, including winding down the Cboe Digital spot market and transitioning digital asset futures contracts to CFE, operating a digital assets futures clearinghouse, cybercrime, changes in digital asset regulation, and fluctuations in digital asset prices. More detailed information about factors that may affect our actual results to differ may be found in our filings with the SEC, including in our Annual Report on Form 10-K for the year ended December 31, 2023 and other filings made from time to time with the SEC.
We do not undertake, and we expressly disclaim, any duty to update any forward-looking statement whether as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.
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