Bitfinex’s reserves are 91% Bitcoin, Ethereum

2022-11-24 21:36

According to data shared by crypto influencer John Brown, 91% of Bitfinex exchange’s 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 & ETH differs strongly per exchange.
(Data from @cryptoquant_com) pic.twitter.com/UwxRrS5Ltc

— John Brown (@john_j_brown) November 21, 2022

Crypto.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 reserves

Upon the FTX collapse, Binance CEO Changpeng Zhao suggested that all exchanges publish their proof-of-reserves. Many exchanges followed Zhao’s advice and published their documents, including Bitfinex, Crypto.com, Binance, OKX, and Coinbase.

According to its proof-of-reserves, Bitfinex holds around 207,356.67967717 Bitcoins and 1,225.600 Ethereums.

Crypto.com’s 52% equates to 53,024 Bitcoins and 391,564 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.com’s 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 475,000 Bitcoin and 4.8 million Ethereum, which consists of only 15% of the exchange’s 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 1:1 by real funds.

The post Bitfinex’s reserves are 91% Bitcoin, Ethereum appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 68690.82 (-0.65%)
Объем 24H $28.717b
Изменеия 24h: 1.78 %, 7d: 1.75 %
Cегодня L: $67324.36 - H: $69474.84
Капитализация $1353.596b Rank 1
Цена в час новости $ 16588.47 (314.09%)

bitcoin bitfinex ethereum reserves eth btc cryptoslate

Источник: cryptoslate.com

bitcoin bitfinex → Результатов: 126


Bitcoin Worth $97M from 2016 Bitfinex Hack on the Move

The flurry of BTC disbursement from the Bitfinex hack loot occurred following the bitcoin price setting a new all-time high on some exchange platforms. 5045.8 BTC in Stolen Bitfinex Funds Moved as Bitcoin Spikes According to transactions tracked by on-chain monitoring bot “Whale Alert,” entities in control of the wallets containing funds from the 2016 … Continued The post Bitcoin Worth $97M from 2016 Bitfinex Hack on the Move appeared first on BeInCrypto.

2020-12-1 23:41


Фото:

What’s Behind the Increasing Number of Bitcoin Longs on Bitfinex?

The number of long orders on the Bitfinex exchange has been making all-time highs for the past five days. This is unusual since the Bitcoin price has decreased by around 10% over these days. The possibility of this occurrence preceding a long squeeze has likely been invalidated, since the rapid price decrease of December 17 […] The post What’s Behind the Increasing Number of Bitcoin Longs on Bitfinex? appeared first on BeInCrypto.

2019-12-19 06:48


Bitfinex Sparks Controversy Allegedly Manipulating $20,000 Bitcoin Price High

Bitfinex, which shares co-founders with the Tether stablecoin, is once again attracting controversy over the manipulation of the Bitcoin price. Per a paper published by the University of Texas Professor John Griffin and Ohio State University’s Amin Shams, Bitcoin’s run to a record high near $20,000 in 2017 was caused by a single market whale.

2019-11-5 12:42


Analyst: Bitfinex Court Hearing Could Contribute to Massive Bitcoin Volatility

The crypto markets have been closely following the situation that has been unfolding around the popular and controversial Bitfinex cryptocurrency exchange, which also owns the controversial stable coin Tether, which is accused by the NYAG of allowing US-based users to flout the Bitcoin (BTC) and crypto leveraged trading restrictions.

2019-7-30 01:00


Bitcoin Price Analysis: BTC bulls Raved, BitFinex Server Migration in Progress

Latest Bitcoin News By dropping 8,540.4082 BTC, the number of Bitcoin open short positions at BitFinex is down 26 percent at the time of press in the last two days. This decline hint of capital flight and as a major player in the space, a downtime that would see the exchange move their servers from […] The post Bitcoin Price Analysis: BTC bulls Raved, BitFinex Server Migration in Progress appeared first on Ethereum World News.

2019-1-7 15:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Binance Labs spun-off into independent entity outside the Binance group umbrella

Binance spun off its $10 billion venture capital arm, Binance Labs, into an independent entity that will no longer be under the group’s purview weeks ago. Bloomberg drew attention to the silent change in a March 15 report, which revealed that Binance Labs had added a disclaimer about the change on its website earlier in […] The post Binance Labs spun-off into independent entity outside the Binance group umbrella appeared first on CryptoSlate.