Crypto exchange Bybit reports over $16.5 billion in verified reserves, maintaining full backing for user assets including BTC and ETH.
Bybit’s latest Proof of Reserves audit shows holdings of more than $16.5 billion in mainstream assets, verified by third-party firm Hacken. The exchange maintains reserve ratios above 100% for BTC, ETH, USDT, and USDC, ensuring all user liabilities are fully backed by on-chain assets.
This marks the 36th audit conducted by Bybit, reinforcing transparency amid ongoing scrutiny of crypto exchanges. Prior audits have consistently demonstrated similar reserve levels, aligning with industry standards for asset backing.
The release did not specify immediate market reactions to the audit results.