#Cryptocurrency #USA #Bybit #Dubai #Proof-of-Reserves

Bybit's 36th Proof-of-Reserves Report

Bybit, recognized as the second-largest cryptocurrency exchange by trading volume, has made headlines by unveiling its 36th Proof-of-Reserves (PoR) report. As of May 27, 2026, the report reveals that the exchange holds over $16.5 billion in mainstream assets, underscoring its commitment to transparency and security in the rapidly evolving digital asset landscape.

Key Findings from the PoR Report

The latest report, independently verified by Hacken, indicates that Bybit successfully maintains reserve ratios above 100% for several key assets. Here are the highlights:

• - USDT Reserve Ratio: 106%

- User Assets: approximately $5.55 billion
- Wallet Holdings: approximately $5.89 billion

• - USDC Reserve Ratio: 164%

- User Assets: around $563.7 million
- Wallet Holdings: about $925.5 million

• - BTC Reserve Ratio: 108%

- User Assets: 44,736 BTC
- Wallet Holdings: 48,582 BTC

• - ETH Reserve Ratio: 104%

- User Assets: 552,540 ETH
- Wallet Holdings: 579,288 ETH

These figures demonstrate that Bybit has effectively managed to secure user funds, with all liabilities fully backed by the on-chain assets.

Importance of Proof-of-Reserves in the Crypto Industry

In recent years, Proof-of-Reserves has gained traction as a vital practice among cryptocurrency exchanges, especially as both institutional and retail interest in digital assets continues to grow. Bybit's commitment to this practice reflects a wider industry trend toward enhanced transparency and trust.

Exchanges face increasing pressure to provide assurances of their solvency and operational integrity, particularly in light of market volatility and regulatory scrutiny. Bybit's PoR report acts as a beacon of credibility, encouraging user confidence and fostering an environment where digital currencies can thrive.

Ongoing Transparency Efforts

The reserve balances and corresponding verification records are accessible on Bybit's Proof-of-Reserves page. The exchange is committed to updating this information regularly, assuring users that their assets are securely held and properly accounted for.

About Bybit

Founded in 2018, Bybit serves a global community exceeding 80 million users, striving to redefine transparency and accessibility in the decentralized universe. The exchange's dedication to building an equitable ecosystem, along with strategic partnerships with top blockchain protocols, positions it as a leader in promoting Web3 innovations.

Bybit is also recognized for its robust security measures, diverse trading markets, user-friendly interface, and advanced blockchain solutions. This has facilitated its role as a crucial connector between traditional finance and decentralized finance (DeFi), empowering users to explore the full potential of the Web3 landscape.

As the cryptocurrency industry continues to evolve, Bybit remains at the forefront of change, driving developments that align with user needs and market demands. For further information about Bybit and its offerings, visit Bybit.com.

Stay updated with Bybit by following their community and social media channels on Discord, Facebook, Instagram, LinkedIn, Reddit, Telegram, TikTok, X, and YouTube. Keep an eye on their announcements to see how Bybit continues to innovate in the world of digital finance.