Bybit Releases Its 24th Proof-of-Reserves Report

Bybit crypto exchange has just released its latest proof-of-reserves (PoR) audit report. The report was completed by Hacken on June 19, 2025.

According to report, ByBit has over 100% reserves for all 40 types of assets it provides. This ensures that customer assets are fully backed. The Bybit team mentioned that it is committed to transparency regarding its finances. In addition, they provide regular updates to demonstrate their financial stability, rather than relying on assumptions.

Furthermore, the latest audit reveals changes in asset holdings since the last update on May 23, 2025. All asset types have reserves greater than 100%, with USDC showing a solid ratio of 143%. XPR increased to 137%, thanks to its growing popularity after the launch of the XPR ETF.

Ethereum (ETH) has increased in value more than Bitcoin (BTC). The exchange’s ETH holdings rose by 6.09% to 646,987 ETH, while BTC holdings grew by just 1.67%. The report indicates that despite this growth, BTC remains the top choice for traders.

The stablecoin market has shifted, with USDe holdings increasing by 22.8% to 545 million USDe, maintaining a reserve ratio of 105%. USDT holdings decreased by 7.44%, while USDC saw a slight decline of 1.72%.

The latest update reveals that customers at Bybit have a diverse range of holdings, with a minimum reserve ratio of 100%. Since 2024, the crypto industry has made significant strides in using Proof of Reserves (PoR). Centralized exchanges lead the way by fostering trust through transparency and straightforward practices.