Bybit Releases Its 29th Proof-of-Reserves Report - Chainwire

24Dec

Bybit Releases Its 29th Proof-of-Reserves Report

DUBAI, UAE, Dec. 24, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, announced the publication of its 29th Proof-of-Reserves (PoR) snapshot, reflecting data accurate as of Dec. 17, 2025. The report, independently verified by Hacken, confirms that Bybit maintains reserve ratios above 100 percent across all major reported assets, reinforcing its ongoing focus on transparency and user asset protection.

The latest snapshot highlights Bybit’s continued effort to make solvency verifiable rather than assumed, ensuring that all user liabilities are fully backed by corresponding on-chain assets.

Key Highlights (as of Dec. 17, 2025):

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

Exceeding the 1:1 Backing Standard

Bybit’s reserves continue to exceed user holdings, ensuring that all supported assets are fully backed and readily available. Reserve ratios above the 1:1 threshold reflect additional liquidity buffers maintained beyond baseline user obligations.

The update reflects a balanced mix of customer holdings and reserve assets, with a consistent commitment to maintaining at least full backing across reported tokens. As Proof of Reserves has become more widely adopted across the digital asset industry, leading centralized exchanges have played a growing role in establishing PoR as a standard transparency mechanism.

Bybit updates its reserve snapshots on a regular basis, with independent verification reports published monthly on the Bybit Proof of Reserves page.

#Bybit / #CryptoArk / #ProofofReserves

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 80 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

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