bitcoin
Bitcoin (BTC) $ 16,815.25
ethereum
Ethereum (ETH) $ 1,229.53
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 283.66
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.389618
binance-usd
Binance USD (BUSD) $ 1.00
dogecoin
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cardano
Cardano (ADA) $ 0.31047
solana
Solana (SOL) $ 13.33
matic-network
Polygon (MATIC) $ 0.890303
polkadot
Polkadot (DOT) $ 5.29
tron
TRON (TRX) $ 0.05348
bitcoin
Bitcoin (BTC) $ 16,815.25
ethereum
Ethereum (ETH) $ 1,229.53
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 283.66
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.389618
binance-usd
Binance USD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.096268
cardano
Cardano (ADA) $ 0.31047
solana
Solana (SOL) $ 13.33
matic-network
Polygon (MATIC) $ 0.890303
polkadot
Polkadot (DOT) $ 5.29
tron
TRON (TRX) $ 0.05348
Thursday, December 8, 2022
HomeCoinsEthereumBitfinex's reserves are 91% Bitcoin, Ethereum

Bitfinex’s reserves are 91% Bitcoin, Ethereum

In line with information shared by crypto influencer John Brown, 91% of Bitfinex change’s reserves are Bitcoin (BTC) and Ethereum (ETH).

Coinbase follows Bitfinex as an in depth second by having 63% of its reserves in Bitcoin and Ethereum, in response to further data added by Brown.

Crypto.com comes because the third change with probably the most vital Ethereum and Bitcoin percentages at 52%.

Main change Binance is positioned on the backside of the record by having solely 15% of its reserves consisting of Bitcoin or Ethereum.

Proof of reserves

Upon the FTX collapse, Binance CEO Changpeng Zhao prompt that every one exchanges publish their proof-of-reserves. Many exchanges adopted Zhao’s recommendation and revealed their paperwork, together with Bitfinex, Crypto.com, Binance, OKX, and Coinbase.

In line with its proof-of-reserves, Bitfinex holds round 207,356.67967717 Bitcoins and 1,225.600 Ethereums.

Crypto.com’s 52% equates to 53,024 Bitcoins and 391,564 Ethereum, in response to its proof of reserves. The change additionally acknowledged that its Bitcoin and Ethereum are price round $3 billion when mixed with Crypto.com’s different holdings.

Binance additionally revealed its proof of funds on Nov. 11. The change disclosed that it held round $69 billion price of digital belongings. It additionally detailed that it had 475,000 Bitcoin and 4.8 million Ethereum, which consists of solely 15% of the change’s reserves. Binance additionally holds 58 million BNB and 17.6 billion USDT, amongst others.

See also  ETH deflationary features erased post-FTX collapse

OKX and Coinbase, then again, revealed that they again all their customers’ belongings at 1:1 by actual funds.

BitcoinMasterNews

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