On March 5th, 2026, Bybit, recognized as the second-largest cryptocurrency exchange globally by trading volume, released its 31st Proof-of-Reserves (PoR) report. This update, which reflects asset balances as of February 26, 2026, was independently verified by Hacken, ensuring that Bybit”s reserve ratios remain at or above 100 percent for all significant assets.
The newly issued report underscores Bybit”s ongoing commitment to transparency and the safeguarding of user funds. This latest PoR snapshot allows users to independently verify that the platform”s liabilities are fully backed by the corresponding assets held in reserve, reinforcing trust in the exchange.
Key findings from the February 26 report 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)
The report confirms that Bybit continues to exceed the total user holdings for all reported assets. Maintaining reserve ratios above the critical 1:1 benchmark reflects the exchange”s capability to cover all user liabilities with corresponding on-chain assets.
Yevheniia Broshevan, CEO and Co-Founder of Hacken, emphasized, “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. Through Hacken”s independent Proof-of-Reserves verification, users can be confident that their assets are fully backed and transparently reported.”
Bybit”s asset distribution indicates consistent user engagement across major cryptocurrencies while prioritizing full collateralization and operational transparency. As the digital asset sector increasingly adopts Proof of Reserves as a standard for transparency, centralized exchanges like Bybit are pivotal in establishing verifiable solvency standards and enhancing confidence in custodial platforms.
Bybit updates its Proof-of-Reserves reports monthly, with independent verification documents accessible on the Bybit Proof of Reserves page, allowing users to track reserve balances and validate asset backing.
Founded in 2018, Bybit is committed to redefining transparency in the decentralized ecosystem, catering to a global user base exceeding 80 million. The exchange focuses heavily on Web3, collaborates with leading blockchain protocols, and provides a secure, user-friendly environment for traders and developers alike.
For further information about Bybit, visit Bybit.com. Media inquiries can be directed to [email protected].
