Mon, August 3

Bybit Expands Proof-of-Reserves Coverage to 50 Tokens With Over $16.5B in Verified Assets

Bybit Expands Proof-of-Reserves Coverage to 50 Tokens With Over $16.5B in Verified Assets Exchange News
  • The 50 tokens with the greatest AUM on the platform are included in the current report.
  • According to the report, which was published in Dubai, United Arab Emirates, on July 23, 2026, the declared value of mainstream assets exceeded $16.5 billion.

Bybit, the second-biggest cryptocurrency exchange in the world based on trading volume, has expanded its Proof-of-Reserves (PoR) coverage by 10 tokens to a total of 50 tokens. Bybit’s 38th PoR report, which shows asset balances as of July 22, 2026, was released concurrently with the expansion.

In July 2026, GRAM, XAUT, HYPE, STABLE, ENA, ARB, ASTER, ONDO, AAVE, and USD1 were added to Bybit’s PoR coverage. The goal of the extension is to make the platform more transparent.

When deciding the extent of its PoR disclosures, Bybit gives priority to tokens with the biggest assets under management, or AUM. The 50 tokens with the greatest AUM on the platform are included in the current report.

According to the report, which was published in Dubai, United Arab Emirates, on July 23, 2026, the declared value of mainstream assets exceeded $16.5 billion.

The report demonstrates that reserve ratios for important assets, including as USDT, USDC, BTC, and ETH, all surpassed 100%, showing that user liabilities were entirely backed by on-chain holdings, as independently confirmed by Hacken.

Important Data (as of July 22, 2026)

  • USDT Reserve Ratio: 105% (Wallet Holdings: ~4.98 billion USDT | User Assets: ~4.71 billion USDT)
  • USDC Reserve Ratio: 174% (Wallet Holdings: ~1,093.9 million USDC | User Assets: ~626.4 million USDC)
  • BTC Reserve Ratio: 104% (Wallet Holdings: 59,064 BTC | User Assets: 56,438 BTC)
  • (User Assets: 541,412 ETH | Wallet Holdings: 553,776 ETH) ETH Reserve Ratio: 102%

As institutional and retail involvement continues to grow, proof of reserves has grown in importance as a transparency tool in the digital asset sector. The most recent report from Bybit offers further insight into the exchange’s asset custody and solvency condition by providing an independently verified picture of reserve levels and user liabilities.

On Bybit’s Proof-of-Reserves site, reserve balances and verification records are regularly updated.

A trader himself, Rossi has 7 years of experience trading in the forex market and the passion for writing has brought him to Newscrypto. He is the perfect combination of market knowledge and writing skills, making him one of the most sought-after writers on cryptocurrency.