Cryptocurrency exchange Bybit has published its 24th proof-of-reserves report, confirming a reserve level exceeding 100% across all supported assets.
Overview of the Report
On June 30, 2025, in Dubai, Bybit, the world’s second-largest cryptocurrency exchange by trading volume, released a new proof-of-reserves report conducted by Hacken. The report confirms that all 40 asset types have reserve ratios above 100% as of June 19, 2025.
Key Changes in Asset Reserves
The latest update shows all assets exceed the 1:1 norm with a maximum ratio of 143% for USDC and an increase in XPR to 137%. 'ETH holdings increased by 6.09% to 646,987 ETH, while BTC rose by 1.67%,' the report notes.
Transparency Standards in the Crypto Industry
Since 2024, the cryptocurrency industry has made significant strides toward the adoption and standardization of Proof-of-Reserves (PoR). Bybit adheres to high transparency standards, regularly updating asset reserve data and conducting independent audits. Additionally, the report mentions that extra audits are conducted following security incidents.
Bybit’s latest proof-of-reserves report highlights the company’s commitment to transparency and reliability in cryptocurrency trading, continuing to build trust among users.
