So Bitfinex does about $2b trading volume on an average day, netting them $10mn a day from trading fee's alone

So Bitfinex does about $2b trading volume on an average day, netting them $10mn a day from trading fee's alone.

They're making $300mn a month, why don't they just use that to back up their tethers?

wow what an awesome analysis, ill email this to them right away!

well, yeah, it was just fud to buy in cheap

It's smarter than you act like it is. Not that they aren't already aware. Coincheck is paying back 450m in lost funds no hassles, to act like Bitfinex on comparative volumes can't afford to back the Tethers is laughable.

Bitfinex is solvent.
And tether is no scam.

The jews are just fudding the shit out of bitfinex, because it is one of the greatest inventions to avoid real fiat. It is one of the best short term hedging tools.

I would even go so far to say, that the full time twitter boy, named after the exchange is paid by (((them))) to get into your brainlet brain

You forgot the part that 90% of the volume is washtrading

Not only that, coinbase made $1bil. And thats just from normie transactions

Bitfinex has almost $2billion in their BTC cold wallet alone

because they arent making 300m a month

Basing the whole tether FUD campaign on basically nothing.

Now you come up with random percentages to justify your logical flaws. Kys brainlet

So I've come up with evidence that makes their case plausible, yet there is no evidence confirming its a scam. Just banked funded news articles. Surely crypto has taught you to not trust the media

Wash trading. Insolvency. Fucking with usd. Three letter agencies. Theft. Hacks. Theft promoted as hacks. Socializing losses. Chumps trading real money for usdt fun bucks.

>Another concern is that Bitfinex might simply shut down, pocketing the bitcoins it has allegedly been stockpiling.
lol

Yeah, 2 billion tether isn't that much for bitfinex. The fudding isn't going to stop until they release audits though.

Even if they made 10mm a day, you aren't counting in overhead. Even if they are making 10mm net profit a day in profit from fees (hint, they aren't) they still would need to put more than 210 days of straight profit into their bank, which would mean that Bitfinex has taken barely any profit (less than 35%) since Tether started (plus they didn't even have volume like that a year ago when Tether started). They printed 50+ days of "profit" in 4 days a couple weeks ago. They are basically crossing their fingers you wont do the math.

actually a lot more.
the minimum they take on a trade is 0.1, the maximum is 0.3.

$10m would be 0.05.
it's more around $40m, and prior to closing american accounts they often had $4b+ trading volumes.

and then there are the 15-18% interest fees.

anyone who can actually be convinced by the fud that bitfinex can't sum up $2b for tether is just gullible as fuck, and the world is better off if they're parted from their money.
so don't even be upset by the fud desu

>So Bitfinex does about $2b trading volume on an average day
>"What is wash trading?"

I've been saying this for months

they take fees from both parties. the highest fee happen if both the taker and maker fall in the highest fee category, the lowest fee happens when both of them are lowest fee category

Wash trading still generates fees on the buy and sell side, retard

this.
wake up idiots.you're being manipulated.

its just too easy to FUD normies and weaksauce hands

the rich get richer, goddam every time

Not if you're the exchange owner.

What is pure conjecture
Try back your shit up next time
Jjst like the dumb fucks who kept screaming they were wash trading on their own exchange with 25x leverage. Yoire all dumb cunts