Bitfinex’s reserves are 91% Bitcoin, Ethereum
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>Bitcoin and Ethereum accounts for 63% of Coinbase, and 15% of Binance.
Only 15% seems really low for Binance.
Noted.
Well , I guess they have very conservative and smart customers then.
Isn’t Bitfinex the shady ass exchange that is linked closely to Tether?
Is the numbers in absolute terms? How much of that is secure from the evil eyes of their founders? ????????
Doesn’t mean shit without their liabilities. Their reserves can be 91% btc and eth but may only cover 20% of their liabilities lol.
The only thing that should matter in the reserves is, That it should reflect the customer funds.
If 91% of the funds deposited on Bitfinex are BTC and ETH, then it is not an issue. That’s the only thing that matters.
Ok
Seems the smartest people use Bitfinex.
tldr; According to data shared by crypto influencer John Brown, 91% of Bitfinex exchange’s reserves are Bitcoin (BTC) and ETH (ETH). The ratio of reserves held in BTC and ETH differs strongly per exchange. Binance is placed at the bottom of the list by having only 15% of its reserves.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
This is the smart portfolio given the recent scenario.
That covers the reserves part. What about their liabilities?
Me with sub digit Bitcoin and Ethereum: I also have the same portfolio ratios!
what??? In Nansen says other thing [https://portfolio.nansen.ai/dashboard/bitfinex](https://portfolio.nansen.ai/dashboard/bitfinex)
40% BTC and 35% LEO that is their token…
And we should trust the honest word of an influencer
Finally someone wise
Meanwhile me holding 50% of my portfolio in alts ????
Seems wise
I was always surprised by the lies, especially the one they write about BFX