Bybit Publishes 27th Proof-of-Reserves Report, Ensuring User Fund Security
Bybit's Commitment to Transparency with 27th Proof-of-Reserves Report
In a significant move towards financial transparency and user security, Bybit, the world's second-largest cryptocurrency exchange, has published its 27th Proof-of-Reserves (PoR) report. This snapshot, dated October 22, 2025, has been verified by Hacken and contains vital data demonstrating the exchange's commitment to safeguarding user funds.
Bybit's PoR initiative is designed to ensure users that their deposited assets are not only safe but fully backed by reserves. The latest report reveals impressive reserve ratios: 110% for USDT, 153% for USDC, 103% for BTC, and 101% for ETH. These figures confirm that the exchange maintains more than enough assets to cover user liabilities, showcasing its robust financial health.
Key Findings of the Report
As of October 22, 2025, here are the crucial figures from Bybit's PoR:
- - USDT Reserve Ratio: 110% (User Assets: 5.8B USDT | Bybit Wallet Balance: 6.38B USDT)
- - USDC Reserve Ratio: 153% (User Assets: 599M USDC | Bybit Wallet Balance: 920M USDC)
- - BTC Reserve Ratio: 103% (User Assets: 61,976 BTC | Bybit Wallet Balance: 63,980 BTC)
- - ETH Reserve Ratio: 101% (User Assets: 532,000 ETH | Bybit Wallet Balance: 542,000 ETH)
These reserve ratios significantly exceed the industry norms and represent Bybit's dedication to maintaining liquidity and ensuring immediate availability of all user funds.
Increasing Industry Standards
The growing emphasis on Proof-of-Reserves within the cryptocurrency sector highlights a larger trend towards increased transparency and trust, particularly among centralized exchanges. Since 2024, the industry has witnessed a substantial uptick in PoR adoption, with Bybit partnering with leading blockchain protocols to enhance its practices and uphold accountability.
Bybit is proud to exceed the minimal backing standard of 100%, affirming its position as a leader in the cryptocurrency trading space. Unlike many platforms that operate under vague assumptions of solvency, Bybit’s methodology provides clear and demonstrable evidence of its financial standing.
Monthly Updates and Public Access
In its pledge for transparency, Bybit publishes these reserve snapshots regularly and releases independent verification reports on a monthly basis. Users can access this information on Bybit’s Proof of Reserves webpage, allowing for real-time verification of the exchange's reserves.
Furthermore, these continuing updates foster an enhanced user experience, contributing to a safer trading environment, which is essential in today’s rapidly evolving cryptocurrency market.
Bybit's PoR initiative and its consistent exceedance of user asset figures exemplify the platform's operational ethos: to construct a more secure, open, and trustworthy ecosystem for cryptocurrency users around the globe.
About Bybit
Founded in 2018, Bybit has rapidly become a cornerstone of the cryptocurrency landscape, providing services to over 70 million users worldwide. The platform aims to redefine openness in the decentralized finance arena, being at the forefront of Web3 innovations while ensuring that security and user-friendliness are never compromised. Bybit's dedication is not just to deliver a trading platform, but to empower its community through technological advancements and verifiable trust.
To find out more about Bybit and its offerings, visit Bybit.com.
Topics Financial Services & Investing）
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