Crypto exchange Bitfinex accumulates Bitcoin (BTC) with a portion of transaction fee earnings.
According to a report by The Block based on its sources, Bitfinex, one of the world’s leading crypto exchanges, holds Bitcoin in its portfolio. Although it is not known how much Bitcoin Bitfinex holds, it is reported that the exchange holds Bitcoin with the income it earns from transaction fees. Bitfinex, which has Bitcoin on its balance sheet, attracted attention with its belief in the leading cryptocurrency.
Bitfinex and Tether are confident for Bitcoin
One of the supporters of the leading cryptocurrency Bitcoin (BTC) was Bitfinex. According to the news by TheBlock, Bitfinex holds Bitcoin on its balance sheet. The source who gave the information to TheBlock did not give clear information about the amount.
TheBlock’s source stated that Bitfinex holds Bitcoin with a portion of its income from transaction fees. With this situation being considered as a long-term commitment, there is a Bitcoin reserve in the exchange’s safe. This stands out as the asset of the exchange other than the customer reserve.
Bitfinex CTO Paolo Ardoino recently shared a post on the X platform. In this post, he argued that stakeholders in the crypto industry should switch to a policy of reinvesting in Bitcoin. Ardoino stated that Bitfinex pioneered cheaper and faster transactions by supporting Bitcoin layer-2 networks. Additionally, Ardoino announced that Bitfinex is investing in Bitcoin and Bitcoin technology.
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