Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has released its 27th Proof-of-Reserves (PoR) report, providing an updated snapshot of its financial health. The data, accurate as of October 22, 2025, indicates that Bybit maintains a reserve ratio exceeding 100% for all major assets, reinforcing its commitment to safeguarding user funds.
This report, verified by the cybersecurity firm Hacken, highlights the exchange’s robust financial standing. Bybit’s approach ensures that all user liabilities are not just assumed but verifiable, demonstrating a high level of transparency in the cryptocurrency market.
Key Financial Metrics
According to the latest snapshot, the reserve ratios for key assets are as follows:
– **USDT Reserve Ratio:** 110% (User Assets: 5.8 billion USDT | Bybit Wallet Balance: 6.38 billion USDT)
– **USDC Reserve Ratio:** 153% (User Assets: 599 million USDC | Bybit Wallet Balance: 920 million 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)
Bybit’s reserves consistently exceed user holdings, ensuring that all funds are readily available for withdrawal. The substantial over-collateralization reflected in the USDT and USDC ratios is indicative of Bybit’s commitment to maintaining robust liquidity.
Industry Standards and Transparency
The latest report comes at a time when the cryptocurrency industry is increasingly focusing on Proof-of-Reserves as a key trust-building mechanism. Since 2024, there has been a notable shift towards standardizing PoR practices among centralized exchanges (CEXs). Bybit leads the way by fully backing all supported customer assets at dynamic ratios above 1:1, thereby committing to an industry-leading reporting framework that is open, verifiable, and frequently updated.
Bybit regularly updates its reserve snapshots, with independent verification reports published monthly on its dedicated Proof of Reserves page. This proactive approach not only enhances user trust but also sets a benchmark for transparency within the cryptocurrency space.
Founded in 2018, Bybit has grown to serve a global community of over 70 million users. Known for its secure custody, diverse marketplaces, and intuitive user experience, Bybit continues to bridge the gap between traditional finance and decentralized finance (DeFi). The exchange remains focused on fostering innovation in the Web3 ecosystem through strategic partnerships with leading blockchain protocols.
For more information on Bybit and its latest updates, visit the official website at Bybit.com.
