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Bybit releases 36th Proof of Reserves, confirming full backing of user assets
Bybit has published its 36th Proof of Reserves, reporting over $16.5 billion in assets and reserve ratios above 100% for BTC, ETH, USDT, and USDC, with verification conducted by Hacken.
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Bybit has released its 36th Proof of Reserves, indicating that the platform holds over $16.5 billion in mainstream assets. The announcement states that reserve ratios for BTC, ETH, USDT, and USDC are above 100%, which, according to Bybit, means user liabilities are fully backed by on-chain assets. Verification of these reserves was reportedly carried out by Hacken. The post did not disclose further details or provide additional documentation.
Bybit is a cryptocurrency exchange focused on derivatives and highly leveraged trading, supporting both futures and perpetual contracts. The platform integrates with TradingView for market analysis, offers copy trading, and provides 24/7 customer support, as well as a crypto debit card for spending digital assets. More details about its features and regulatory information can be found in the broker profile on Traders Union.
For context, the previous Bybit update on Traders Union reported the addition of USDT-settled perpetual contracts for various equity-linked assets, expanding trading options with leverage and bot compatibility. For further details, see the earlier news about Bybit.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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