#Cryptocurrency #Bybit #United Arab Emirates #Dubai #Proof-of-Reserves

Bybit's 29th Proof-of-Reserves Report

In the fast-evolving world of cryptocurrency, transparency is paramount. As the second-largest cryptocurrency exchange globally, Bybit has taken significant steps to ensure that its users have full confidence in their trading environment. Recently, Bybit released its 29th Proof-of-Reserves (PoR) report, which showcases their ongoing commitment to transparency and user asset protection.

Key Highlights of the Report

According to the report, which reflects data as of December 17, 2025, Bybit maintains exceptionally high reserve ratios across all major reported assets. The independent verification by Hacken confirms:

• - USDT Reserve Ratio: 102% (User Assets: 5.9 Billion USDT | Bybit Wallet Balance: 6.1 Billion USDT)
• - USDC Reserve Ratio: 112% (User Assets: 583.5 Million USDC | Bybit Wallet Balance: 658.4 Million USDC)
• - BTC Reserve Ratio: 105% (User Assets: 59,711 BTC | Bybit Wallet Balance: 63,206 BTC)
• - ETH Reserve Ratio: 101% (User Assets: 528,519 ETH | Bybit Wallet Balance: 536,845 ETH)

These impressive figures underscore Bybit's dedication to exceed user obligations, thereby ensuring each user’s assets are fully backed by corresponding on-chain reserves.

Exceeding the 11 Backing Standard

Bybit’s reserves consistently surpass user holdings, following a rigorous approach to asset management. With reserve ratios exceeding the 11% minimum standard, the platform is not only ensuring liquidity but also offering a buffer beyond the baseline user obligations. This proactive stance empowers users with the reassurance that their investments are safe and secure.

In the dynamic and often volatile cryptocurrency landscape, such levels of transparency are vital. As more centralized exchanges adopt Proof of Reserves as a necessary transparency measure, Bybit has positioned itself as a leader in creating trust and security within the financial ecosystem of digital assets.

Regular Updates and Independent Verification

Bybit is committed to regular transparency updates, broadcasting its reserve snapshots on a scheduled basis. Users can find monthly independent verification reports published on Bybit’s Proof of Reserves page, allowing for ongoing assessment and reassurance of asset security.

Bybit is redefining what openness means in the decentralized economy, ensuring all user liabilities are fully covered by the assets they hold, and thereby reinforcing user trust. The importance of such initiatives cannot be overstated, as cryptocurrency becomes increasingly mainstream.

About Bybit

Founded in 2018, Bybit has rapidly grown to become the world's second-largest cryptocurrency exchange by trading volume. By creating an ecosystem that champions openness, Bybit serves over 80 million users globally. With strategic partnerships in place with major blockchain protocols, Bybit is at the forefront of innovation in Web3, providing advanced tools and robust infrastructures designed for the crypto community.

As the cryptocurrency world continues to evolve, Bybit’s commitment to transparency and user security will remain pivotal. With its latest Proof-of-Reserves report, Bybit stands as a beacon of trust in an industry where confidence is still being established.

For further information about Bybit, visit their Press page or engage with them on their social media platforms.