Bybit, the world's second-largest cryptocurrency exchange by trading volume, has announced a dual initiative aimed at boosting user acquisition and reinforcing trust through transparency. The exchange has integrated tokenized NVIDIA equity into its welcome program and concurrently released its 32nd monthly Proof-of-Reserves (PoR) report, verified by cybersecurity firm Hacken.
New users joining Bybit can now earn $20 worth of NVDAX, a tokenized tracker certificate representing NVIDIA shares, by completing welcome tasks. This includes signing up, completing verification, depositing $100, and trading $10 on the platform. The NVDAX tokens are issued as both Solana SPL and ERC-20 tokens, with each token backed 1:1 by real NVIDIA shares held with a regulated custodian. The offer, which began on March 25, 2026, is part of Bybit's broader welcome program that also includes rewards in MNT and USDT, designed to give traders exposure to the AI sector narrative.
Separately, Bybit published its 32nd Proof-of-Reserves report, reflecting asset balances as of March 18, 2026. The independently verified data confirms the exchange maintains overcollateralized positions across all major tracked assets, with reserve ratios consistently above 100%. Key metrics show a USDT reserve ratio of 108% (backing ~5.72B user USDT with ~6.19B in wallets), a USDC ratio of 104%, a BTC ratio of 108% (backing 49,365 user BTC with 53,757 BTC held), and an ETH ratio of 101%. This practice of monthly, verifiable disclosure is presented as a key mechanism for demonstrating platform solvency and providing users with on-chain visibility into reserve composition.
