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,
We współpracy z: https://cryptoslate.com/bitfinexs-reserves-are-91-bitcoin-ethereum/
