Gate adds Proof of Security with reported 104.6% cold-storage coverage

Gate has introduced Proof of Security, a framework intended to evaluate the protection of user assets through storage structure and risk coverage. Unlike a conventional Proof of Reserves process, which focuses primarily on whether reported reserves are sufficient to cover liabilities, PoSEC is designed to examine how assets are stored and how the platform measures extreme-loss scenarios. The coverage describes Gate as the first digital-asset trading platform to launch this type of verification system, following the exchange’s establishment in 2013. The headline figure attached to the launch is 104.58% cold-storage coverage. A separate figure cross-check found the same rounded result—104.6%—in both NewsBTC and BeInCrypto, providing consistent numerical support across those two reports. The figure indicates coverage exceeding 100% on the cited cold-storage basis, while the framework’s broader security assessment also includes a hot-wallet loss test and the storage structure behind the reported position. The three outlets agree on the central development but frame the verification caveat differently. NewsBTC and BeInCrypto give the most prominence to the 104.6% cold-storage result and Gate’s claim that PoSEC advances security beyond reserve checks. CryptoSlate focuses on the methodology behind the figures, noting that the hot-wallet loss test uses separate measurement bases and that independent verification of the current PoSEC data remains in progress. No outlet supplies a conflicting numerical estimate for cold-storage coverage. The distinction between reserve adequacy and storage security is significant because a platform can disclose sufficient reserves while the location and structure of those assets determine their exposure to operational or extreme-loss scenarios. PoSEC attempts to make that second layer more measurable through public disclosure of storage distribution and risk-coverage capabilities. Gate’s long operating history provides context for the launch, but the framework’s current figures are not the same as a completed independent audit, according to CryptoSlate. Live market data show a subdued broader backdrop. The total crypto market capitalization stands at $2.61 trillion, with the overall market broadly lower and Bitcoin down 6.04% over 24 hours. The Fear & Greed Index is at 28, placing sentiment in the “Fear” band. Gate’s GT token is priced at $9.77, down 1.21% over 24 hours but up 4.28% over seven days, while its market capitalization is $1.02 billion. The next point to watch is the completion of independent verification and publication of additional PoSEC measurements, rather than treating the 104.6% figure alone as a complete security assessment.