News

Gate.io Completed The Third 100% Margin Audit In Cooperation With Armanino LLP

Following the FTX and Alameda incidents, Gate.io announced the completion of the third 100% margin audit in collaboration with Armanino LLP, an American audit company. 
Gate.io Completed The Third 100% Margin Audit In Cooperation With Armanino LLP 3

Margin Proof of 100% is an impartial third-party business that will audit the Proof of Margin. The main goal of the audit is to ensure that the total assets maintained by the exchange match the user’s book balance.

In general, the platform will offer a 100% margin for tokens if the total quantity of tokens held and effectively managed by the exchange on the blockchain is more than or equal to the entire amount of tokens held by all platform users.

The exchange stated:

“There are more than 1400 types of tokens on Gate.io, each of which have been verified and audited by the aforementioned auditing institute. Since the transfer of assets would involve the cold wallets and hot wallets that include numerous addresses, the audit must be done in an absolutely safe environment. To avoid safety obstacles and misoperation, we provide users with 100% proof of margin through an annual audit.”

Gate.io Completed The Third 100% Margin Audit In Cooperation With Armanino LLP 4

Asset management has always been the most crucial aspect of digital asset trading for users. Before engaging in digital asset trading, all users should assess if the exchange can handle user assets fairly, openly, and safely.

Gate.io, the world’s first trading platform dedicated to providing 100% margin, collaborates closely with Armanino LLP, a well-known American audit firm, to provide users with professional and dependable asset validation services in the form of open-source, open, transparent, blockchain signature, and Merkel Tree.

The exchange has just finished the third 100% margin audit. The results of the Gate.io asset audit may be viewed on the Armanino official website.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Chubbi

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

Crypto Advisory Council Now A White House Position Attracting Leaders

Major crypto firms, including Ripple, Kraken, and Circle, are competing for spots on President-elect Donald…

28 minutes ago

Analyst Sounds Major Breakout Alert Amid Shiba Inu, WallitIQ, And Dogecoin Price Recoveries

Analysts highlight a breakout alert as Shiba Inu (SHIB), and Dogecoin show signs of recovery…

59 minutes ago

SEC Chair Gary Gensler Will Lose Power From January 20

SEC Chair Gary Gensler will step down on January 20, 2025, coinciding with President-elect Donald…

1 hour ago

MicroStrategy Convertible Notes Now Out of Stock With $3B Raised

The MicroStrategy convertible notes offering, initially set at $1.75 billion, was increased to $2.6 billion…

1 hour ago

Qubetics, Cosmos, and Chainlink: Why These Cryptos Are Your Best Bet for November 2024

Discover why Qubetics, Cosmos, and Chainlink are the best cryptos to buy in November 2024.…

5 hours ago

Best Cryptos to Buy in December 2024: Qubetics Presale Goes Ballistic as Ethereum and Quant Look to Build Momentum

Best Cryptos to Buy in December 2024: Qubetics ($TICS) presale explodes, Ethereum (ETH) eyes a…

8 hours ago

This website uses cookies.