In a significant display of transparency, Bybit, the second-largest cryptocurrency exchange globally by trading volume, has issued its 31st Proof-of-Reserves (PoR) report. This report, dated March 5, 2026, details asset balances as of February 26, 2026, and has been independently verified by Hacken.
The findings confirm that Bybit maintains reserve ratios at or above 100 percent for all major cryptocurrencies, underscoring its commitment to transparency and the protection of user funds. The report provides independently verifiable on-chain data, enabling users to confirm that the exchange”s liabilities are fully backed by corresponding assets.
Key highlights from the latest PoR snapshot include:
- USDT Reserve Ratio: 104% (User Assets: 6.12 billion USDT | Bybit Wallet Balance: 5.87 billion USDT)
- USDC Reserve Ratio: 113% (User Assets: 723.06 million USDC | Bybit Wallet Balance: 634.89 million USDC)
- BTC Reserve Ratio: 109% (User Assets: 59,060 BTC | Bybit Wallet Balance: 54,158 BTC)
- ETH Reserve Ratio: 100% (User Assets: 523,662 ETH | Bybit Wallet Balance: 519,990 ETH)
This recent snapshot indicates Bybit”s sustained effort to ensure that reserves consistently meet or exceed user holdings for all reported assets. By adhering to a reserve ratio above 1:1, the exchange affirms its capability to cover all user liabilities with equivalent on-chain assets.
Yevheniia Broshevan, CEO and Co-Founder of Hacken, stated, “Consistency is the foundation of trust in digital assets. By maintaining reserve ratios above 100% across major assets, Bybit demonstrates a sustained commitment to financial integrity and institutional-grade accountability.” This sentiment reinforces the importance of independent verification in establishing user confidence in custodial platforms.
The distribution of assets within the reserve pool reflects steady user engagement across prominent cryptocurrencies. Bybit continues to prioritize full collateralization and operational transparency, which are essential as the digital asset industry increasingly adopts Proof of Reserves as a standard for transparency.
As the landscape of cryptocurrency exchanges evolves, Bybit”s monthly Proof-of-Reserves updates serve as a crucial tool for users to monitor reserve balances and verify asset backing. Independent verification reports are readily accessible on the Bybit Proof of Reserves page, granting users the ability to track the exchange”s financial integrity.
Founded in 2018, Bybit has established itself as a key player in the cryptocurrency space, serving over 80 million users worldwide. The exchange is dedicated to redefining transparency within the decentralized ecosystem and fostering innovation within the blockchain space.
For more information about Bybit, visit their official website or follow their communities and social media channels.
