This species is taken by commercial and artisanal longline and gillnet fisheries throughout its range. It is valued for meat, leather, liver oil and fishmeal. The Caribbean reef shark is the most common shark landed in Colombia (accounting for 39% of the longline catch by occurrence), where it is utilized for its fins, oil and jaws (sold for ornamental purposes). In Belize, this species is mainly caught as bycatch on hook-and-line intended for groupers and snappers; the fins are sold to the lucrative Asian market and the meat sold in Belize, Mexico, and Guatemala to make "panades", a tortilla-like confection. A dedicated shark fishery operated in Belize from the mid-1900s to the early 1990s, until catches of all species saw dramatic declines. The flesh of this species may contain high levels of methylmercury and other heavy metals.
^ Garla, R.C.; Chapman, D.D.; Shivji, M.S.; Wetherbee, B.M.; Amorim, A.F. (2006). "Habitat of juvenile Caribbean reef sharks, Carcharhinus perezi, at two oceanic insular marine protected areas in the southwestern Atlantic Ocean: Fernando de Noronha Archipelago and Atol das Rocas, Brazil". Fisheries Research. 81 (2–3): 236–241. doi:10.1016/j.fishres.2006.07.003.
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Blacktip reef sharks are viviparous with a yolk-sac placenta, with a gestation period about 10 months and litter size of 2-4 pups. Size at birth ranges from 33-52 cm. Males mature at about eight years of age and 95-105 cm in length; females mature at about 9 years old and a length of 93-110 cm. Courtship features the one or more males following closely behind a female. Reproductive behavior includes distinct pairing with embrace where the male grasps the female’s pectoral fin between his teeth and mates belly to belly. There is one breeding season in the central and western Pacific, but two seasons in the Indian Ocean. Females rest for 8-14 month between pregnancies to rebuild their energy stores. Blacktip reef sharks are preyed upon by other sharks and large groupers. The is a socially complex species that performs a variety of group behaviors.
The Caribbean reef shark is the most common shark on or near coral reefs in the Caribbean. It is a tropical inshore, bottom-dwelling species of the continental and insular shelves. Although C. perezi mainly inhabits shallow waters, it has been recorded to reach depths to at least 98 feet (30 m). Caribbean reef sharks are commonly found close to drop-offs on the outer edges of coral reefs and also may lie motionless on the bottom of the ocean floor. This phenomenon has also been observed in caves off the coast of Mexico and off the Brazilian archipelago of Fernando de Noronha.