It's great when crypto news sites and so-called influencers think they have a brainwave - but turns out to be a brainfart.
This Exchange Holds 20% of its Reserves in Shiba Inu
Gosh!
yeah, right! What moron would hold that much SHIB!?
erm... it's an EXCHANGE!
The Exchange is Crypto.com.
The data is here.
These are CUSTOMER ASSETS. FFS!
These are the assets in custody on behalf of customers. Blame the customers for having such poor judgment, if you wish.
All this data shows for now is that none of the customer assets are being played with or fondled or shafted.
Admittedly, what we don't see here is how many assets actually belong to the exchange.
Upwards of 80% of so called crypto experts and influencers have no clue. I have seen exchanges being called out before for that kind of thing. Idiocy
yeah, nobody seemed to have bothered to call out the inappropriately named crypto"insight"uk.
I also notice that the Cosmos network holdings are not included, as they fall under crypto.org - same company.
Yes, stupid like a mentioned today some times before !
There isa lack not only in education from the investors but also in education on the side of the highly scilled (or should I say chilled instead) business dudes who run those platforms, coin-houses or whatsoever.
Bernie Madoff, Lehman-brothers and Enron will stand back behind those new negative champions when this goes on like it actually does.