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by mywaifuismeta 1321 days ago
Maybe I'm missing something but is it a problem if SHIB is 20% of their reserves if 20% of what users are keeping on the exchange is SHIB? Of course we don't want what people actually deposited since it's a centralized exchange with no transparency. But by itself this isn't really a red flag...
2 comments
throwaway53277 1320 days ago
They have 300x more SHIB than DOGE[1]. Is that realistic reflection of their users preferences?

[1]https://portfolio.nansen.ai/dashboard/crypto.com

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irae 1320 days ago
maybe a significant number of people created accounts for the SHIB trading when SHIB was not supported in slower to adopt exchanges?
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rxyz 1320 days ago
They were pushing SHIB hard in their marketing
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krono 1321 days ago
Yes, it's yet another potentially destabilising factor you can add to the pile though.
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runeks 1321 days ago
How is it destabilizing?

If 20% of depositor funds are SHIB then 20% of reserves should be SHIB.

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blitzar 1320 days ago
As far as I am concerned, if they have 90% of their reserves in literal dog shit that is fine IF their liabilities are also in dog shit.

I wouldnt pay $10,000 a turd, but that is my value judgement, if someone else does then their problem.

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krono 1320 days ago
> How is it destabilizing?

Potentially destabilising is what I said. In a similar fashion to how 20% of my diet consisting of Taco Bell would carry a greater destabilising potential than a the same share of FDA recommended diet conforming home-cooked meals would.

> If 20% of depositor funds are SHIB then 20% of reserves should be SHIB.

You're the one bringing this up, not me. Not refuting it though.

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