UPDATE: Bybit, the world’s second-largest cryptocurrency exchange, has just announced its 27th Proof-of-Reserves (PoR) report, reflecting data as of October 22, 2025. This latest snapshot, verified by Hacken, confirms a reserve ratio of over 100% for all key assets, showcasing Bybit’s strong financial health and unwavering commitment to safeguarding user funds.
The PoR report reveals staggering numbers: the USDT reserve ratio stands at 110% with user assets totaling 5.8 billion USDT against a wallet balance of 6.38 billion USDT. Meanwhile, the USDC reserve ratio is even higher at 153% (user assets: 599 million USDC; wallet balance: 920 million USDC).
Bitcoin (BTC) and Ethereum (ETH) also confirm their strong backing, with reserve ratios of 103% and 101% respectively. Specifically, Bybit holds 61,976 BTC against 63,980 BTC in their wallet, while 532,000 ETH is backed by 542,000 ETH in reserves. This overcollateralization exceeds industry norms and ensures that all funds are readily available for user withdrawal.
Bybit’s commitment to transparency is evident in its efforts to provide verifiable financial health rather than mere assumptions. The platform has consistently updated its reserve snapshots, with independent verification reports published monthly on the Bybit Proof of Reserves page. This proactive approach is crucial for building trust in an industry that has seen a significant push for PoR adoption since 2024.
Why does this matter? The crypto landscape is evolving, and Bybit is at the forefront of this transformation, setting high standards for customer asset backing. With over 70 million users globally, Bybit’s robust financial standing significantly impacts user confidence and market stability.
As the crypto industry continues to mature, Bybit is leading the charge with a framework that prioritizes openness and accountability in an often volatile market. The latest report not only reassures users of their funds’ safety but also reflects a broader trend toward institutionalization and reliability in cryptocurrency exchanges.
What’s next? Investors and crypto enthusiasts should keep a close eye on Bybit’s ongoing updates and the industry’s overall response to these transparency measures. As the PoR framework becomes more critical for trust-building, Bybit’s leadership will likely influence other exchanges to adopt similar practices.
Stay informed on Bybit’s developments and the evolving cryptocurrency landscape by visiting their official channels and social media platforms. For more details about Bybit, follow their updates on Discord, Facebook, Instagram, LinkedIn, Reddit, Telegram, TikTok, X, and YouTube.
