Key Takeaways:
Bybit released the 32nd Proof of Reserves (PoR) report, confirming that all users assets are backed at a ratio of at least 1:1.
The data was independently verified by the security firm Hacken to ensure accuracy and solvency.
All tracked assets show a reserve ratio of over 100%, it provides a liquidity buffer against market withdrawals.
Bybit published the latest Proof of Reserves report, it offers a look into custodial holdings. According to the official Bybit account, the exchange continues to demonstrate overcollateralization, which means it holds more assets in wallets than the amount deposited by users. This practice is essential for protecting against liquidity pressure during volatile trading periods.
We’re back with another update on our Proof of Reserves.
Bybit’s 32nd report is now live, confirming that all major assets are backed 1:1, with some reserves exceeding user holdings.
Trust, backed by proof. 🔒
Read more 👇
— Bybit (@Bybit_Official) April 6, 2026
A Breakdown of Asset Reserves
The report shows that for every 1 USDT deposited by a user, Bybit holds 1.08 USDT in reserves. This high ratio is a result of Bybit’s trading volume, which accumulates extra collateral within custodial wallets. The data verified by Hacken to confirm that no funds are misused.
Asset
Reserve Ratio
User Assets
Bybit Wallet Holdings
USDT
108%
~5.72B USDT
~6.19B USDT
USDC
104%
~728.4M USDC
~764.3M USDC
BTC
108%
49,365 BTC
53,757 BTC
ETH
101%
516,717 ETH
525,205 ETH
Latest Bybit Reserve Ratio
The Significance of Overcollateralization
Holding more than 100% of user assets isn’t just safety, it is a signal of financial health. For a platform like Bybit, which can handle billions in daily volume, having a buffer is important. If a large number of users decide to withdraw their funds, the 108% reserve in BTC and USDT make sure that the exchange can fulfill requests without delay. This approach to solvency will allow Bybit to maintain position as a top tier global exchange.
Bybit confirming that all major assets are backed 1:1
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Empowering Users Through On-Chain Verification
To ensure full accountability, Bybit will provide tools on the official website that can allow users to verify that their account balance was included in the audit. By using Merkle Tree technology, the exchange will allow for self verification without compromising the privacy of other users.
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