Gate Introduces Proof Of Security Framework With 104.58% Cold Storage Coverage

Gate has launched Proof of Security (PoSEC), which it describes as the industry's first asset security verification framework for a digital asset trading platform, claiming 104.58% cold storage coverage of user assets. The exchange, founded in 2013, said the framework is intended to give users verifiable insight into how their assets are held and protected. The disclosure comes as exchanges face continued scrutiny over reserve transparency and custody practices following past industry failures. Gate did not specify in the announcement which assets or chains are covered by the cold storage figure. What to watch next is whether other exchanges adopt comparable security verification standards and whether Gate publishes detailed, recurring attestations behind the 104.58% coverage claim.