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. 

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.”

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

Best New Meme Coins with 1000X Potential: BTFD Coin’s Hot BIG50 Discount As Baby Doge Coin, Dogs Takes Gaming to the Next Level

Explore the best new meme coins with 1000X potential. Learn how BTFD Coin leads with…

16 minutes ago

BlockDAG Surges Past $170M as BDAG250 Bonus End Countdown Begins – Aave Targets $400 & Solana Shines with Scalability

BlockDAG crosses $170.5M in presale success with BDAG250 bonus and Whitepaper V3 launch! Solana grows…

2 hours ago

Qubetics Presale Price Surge Approaches: The Best Coins to Invest in Right Now While Toncoin, and XRP Gain Traction

Discover why Qubetics, Toncoin, and XRP are the best coins to invest in right now.…

2 hours ago

Book of Meme Old News? This Best Meme Coin to Invest in 2024 Is Multiplying Gains Like a Champ

Over the years, meme coins have evolved from inside jokes into serious investment opportunities.

3 hours ago

Time’s Ticking on BlockDAG’s 5-Tier Bonus- Few Days Left to Grab It While Cardano Whales Take Action, Aave Rallies Strong

Discover BlockDAG's five-tier bonus program's closing phases that enhance buyer holdings. Gain insights on the…

4 hours ago

Best Altcoins to Buy for 2025: Qubetics Presale Surge, Solana’s Lightning Speed, and Cardano’s Blockchain Revolution

Discover why Qubetics, Solana, and Cardano are redefining the crypto landscape. Learn about milestones, price…

5 hours ago

This website uses cookies.