Notable cryptocurrency exchange Crypto.com revealed today that it holds 20% of its reserves in the Shiba Inu (SHIB) token—a highly speculative “meme coin.” Data from blockchain analysis firm Nansen shows that the platform holds the largest share (31%) of its digital assets in Bitcoin, followed by SHIB at 20%. Nansen’s data reveals that Crypto.com has about $570 million worth of the Ethereum-based meme coin. Crypto.com’s reserves also feature a significant quantity of Ethereum itself, making up about 17% of the firm’s holdings, while the Tether (USDT) and USDC stablecoins each ...
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