Resource: Cryptoslate.com
7 months ago
Date: 23 Nov 2022 - 18:36

According to data shared by crypto influencer John Brown 91 of Bitfinex exchanges reserves are Bitcoin BTC and Ethereum ETH.Coinbase follows Bitfinex as a close second by having 63 of its reserves in Bitcoin and Ethereum according to additional information added by Brown.The ratio of reserves held in BTC amp ETH differs strongly per exchange. Data from cryptoquantcom pic.twitter.comUwxRrS5Ltcmdash John Brown johnjbrown November 21 2022Crypto.com comes as the third exchange with the most significant Ethereum and Bitcoin percentages at 52.Leading exchange Binance is placed at the bottom of the list by having only 15 of its reserves consisting of Bitcoin or Ethereum.Proof of reservesUpon the FTX collapse Binance CEO Changpeng Zhao suggested that all exchanges publish their proofofreserves. Many exchanges followed Zhaos advice and published their documents including Bitfinex Crypto.com Binance OKX and Coinbase.According to its proofofreserves Bitfinex holds around 207356.67967717 Bitcoins and 1225.600 Ethereums.Crypto.coms 52 equates to 53024 Bitcoins and 391564 Ethereum according to its proof of reserves. The exchange also stated that its Bitcoin and Ethereum are worth around 3 billion when combined with Crypto.coms other holdings.Binance also published its proof of funds on Nov. 11. The exchange disclosed that it held around 69 billion worth of digital assets. It also detailed that it had 475000 Bitcoin and 4.8 million Ethereum which consists of only 15 of the exchanges reserves. Binance also holds 58 million BNB and 17.6 billion USDT amongst others.OKX and Coinbase on the other hand revealed that they back all their users assets at 11 by real funds.The post Bitfinexs reserves are 91 Bitcoin Ethereum appeared first on CryptoSlate.

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USDT Market Price Change (24H) Market Cap Last 7 Days
39997.79 $ 0 % 760.32 Billion $
3001.33 $ 0 % 360.05 Billion $
1.001 $ 0 % 82.65 Billion $
398.86 $ 0 % 59.29 Billion $
1.004 $ 0 % 50.96 Billion $
101.49 $ 0 % 33.28 Billion $
0.122 $ 0 % 31.52 Billion $
0.7024 $ 0 % 30.96 Billion $
82.96 $ 0 % 29.44 Billion $
0.9455 $ 0 % 29.42 Billion $

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