Understanding Bybit’s Proof of Reserves

The Proof of Reserves report by Bybit demonstrates that the exchange maintains reserve ratios above 100% for all major assets. This is a crucial assurance for users, affirming that their holdings are fully backed by on-chain assets. The report has been independently verified by Hacken, further underlining Bybit’s dedication to trust and transparency.

Key Highlights from the Latest Report

As of December 17, 2025, Bybit’s reserves exceed user holdings, ensuring a robust backing of all assets:

• USDT Reserve Ratio: 102% (User Assets: 5.9B USDT | Bybit Wallet Balance: 6.1B USDT)
• USDC Reserve Ratio: 112% (User Assets: 583.5M USDC | Bybit Wallet Balance: 658.4M 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)

Exceeding the 1:1 Backing Standard

Bybit’s reserve ratios consistently exceed the 1:1 threshold, providing additional liquidity buffers beyond the baseline user obligations. This reflects a balanced mix of customer holdings and reserve assets, ensuring complete asset backing.

The adoption of Proof of Reserves is becoming a standard across the digital asset industry. Bybit, along with other leading centralized exchanges, is playing a pivotal role in establishing PoR as a transparency mechanism.

Regular Updates and Verification

Bybit updates its reserve snapshots regularly, with independent verification reports published monthly. This consistent practice underscores Bybit’s commitment to maintaining transparency and trust with its user base.

About Bybit

Founded in 2018, Bybit serves a global community of over 80 million users and is renowned for its secure custody, diverse marketplaces, and advanced blockchain tools. Bybit bridges the gap between traditional finance and decentralized finance, empowering users to unlock the potential of Web3.

For more information, visit the Bybit Proof of Reserves page and stay updated through their social media channels.

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