UPDATE: Bybit, the world’s second-largest cryptocurrency exchange, has just released its 27th Proof-of-Reserves (PoR) report, confirming a robust reserve ratio exceeding 100% for all major assets as of October 22, 2025. This urgent announcement, verified by Hacken, underscores Bybit’s commitment to transparency and user fund protection.
The latest PoR snapshot reveals impressive figures: a 110% reserve ratio for USDT, 153% for USDC, 103% for BTC, and 101% for ETH. These numbers reflect a healthy balance of user assets and Bybit’s wallet holdings, ensuring that all customer funds are fully backed and available for immediate withdrawal.
The specifics are staggering:
– **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)
This update is significant for the cryptocurrency community, as it showcases Bybit’s commitment to exceeding the industry standard of 1:1 backing. The platform’s substantial overcollateralization and liquidity buffers reinforce user confidence in an increasingly volatile market atmosphere.
Since the start of 2024, the cryptocurrency industry has made considerable strides in the adoption of PoR as a standard practice, aimed at enhancing trust among users. Bybit continues to lead the way, regularly updating its reserve snapshots and providing independent verification reports monthly on its PoR page.
With over 70 million users globally, Bybit is redefining transparency in the decentralized finance landscape. The exchange’s focus on Web3 and strategic partnerships with leading blockchain protocols illustrates its dedication to fostering innovation and security in the crypto space.
As Bybit continues to build trust through its transparent practices, the exchange invites users to stay updated and engaged through its various social media channels. For more details on this critical update, visit Bybit’s official website or follow their communities on Discord, Facebook, Instagram, and more.
This urgent report not only reinforces Bybit’s financial health but also serves as a crucial reminder of the importance of transparency in the rapidly evolving cryptocurrency market. Share this news to keep your network informed!
