Bybit has published its 41st Proof-of-Reserves report, reflecting asset balances as of October 27, 2026, at 06:00 UTC.
The audit, independently verified by HACKEN, shows that Bybit’s platform reserves exceeded user liabilities for all 50 in-scope assets, representing $17.3 billion in mainstream asset value. Bybit said reserve ratios were above 100% across the covered assets.
Among the key metrics: USDT had a reserve ratio of 112%, with about $3.72 billion in wallet backing against roughly $3.31 billion in user assets; USDC showed a 405% ratio, with about $571.8 million backing $140.9 million in user assets; BTC was at 102%, with 58,643 BTC backing 57,373 BTC in user balances; and ETH was at 101%, with 566,997 ETH backing 558,637 ETH.
The exchange said proof of reserves has become a baseline transparency measure as institutional and retail participation grows, and that reserve balances and verification records are published on Bybit’s Proof-of-Reserves page on a recurring basis.
