Bybit, the world's second-largest cryptocurrency exchange by trading volume, has released its 31st monthly Proof-of-Reserves (PoR) snapshot, reflecting asset balances as of February 26, 2026. The report, independently verified by cybersecurity firm Hacken, confirms the exchange maintains reserve ratios at or above 100% for all major tracked assets, reinforcing its commitment to transparency and user fund security.
The latest verification shows Bybit continues to hold reserves that meet or exceed total user holdings across reported assets. The key reserve ratios as of the snapshot date are: USDT at 104% (user assets: 6.12 billion USDT, wallet balance: 5.87 billion USDT), USDC at 113% (user assets: 723.06 million USDC, wallet balance: 634.89 million USDC), BTC at 109% (user assets: 59,060 BTC, wallet balance: 54,158 BTC), and ETH at 100% (user assets: 523,662 ETH, wallet balance: 519,990 ETH).
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. Through Hacken's independent Proof-of-Reserves verification, users can be confident that their assets are fully backed and transparently reported."
The exchange's approach provides verifiable on-chain data, allowing users to independently confirm that platform liabilities are fully backed by corresponding assets held in reserve. Bybit publishes these monthly updates with independent verification reports available on its dedicated Proof of Reserves page, enabling ongoing monitoring of reserve balances.
This practice occurs as the digital asset sector increasingly adopts Proof of Reserves as a standard transparency framework, with centralized exchanges playing a growing role in establishing verifiable solvency standards to strengthen confidence in custodial platforms.
