3 ms·
Crypto.com has 20% of their reserves in SHIB since that’s what their users own 1:1. That’s the correct approach; you would prefer they gamble with their custome
by berberous 4y ago
Crypto.com has 20% of their reserves in SHIB since that’s what their users own 1:1. That’s the correct approach; you would prefer they gamble with their customer’s assets by swapping a portion to more blue chip crypto like ETH?
- DebtDeflation 4y agoYou are correct that the reserves SHOULD just reflect customer holding but what are the odds that customers of what is the 5th or 6th largest exchange in existence are in aggregate holding 20% of their crypto portfolio in SHIB?
- Lewton 4y agothat's exactly what I'd expect from the users of an exchange called crypto.com