June 2025 – Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has published its 24th Proof-of-Reserves (PoR) report, affirming over 100% backing of all 40 in-scope customer assets as of June 19, 2025. The audit, conducted by Hacken, provides another layer of assurance as the exchange continues to prioritize transparency and accountability.
As part of its ongoing commitment to solvency verification, Bybit shares publicly auditable snapshots and regular updates, ensuring reserves are not merely assumed, but verifiable by design.
Key Highlights from the June Snapshot
- Over 100% Reserve Coverage Across All Assets: Every in-scope asset remains fully backed, with USDC leading at 143%, followed by XPR at 137%, up from 106% in May—reflecting heightened investor interest, driven in part by the recent XPR ETF.
- Ethereum Outpaces Bitcoin in Growth: ETH holdings grew by 6.09%, reaching 646,987 ETH, compared to a 1.67% increase in BTC. While BTC remains the top-held asset, ETH’s growth aligns with broader market momentum.
- Stablecoin Shifts:
- USDe holdings surged 22.8%, now totaling 545 million, with a 105% reserve ratio.
- USDT holdings dropped 7.44% (386 million), while its reserve ratio climbed from 100% to 104%.
- USDC holdings dipped 1.72% to 399 million, still maintaining the highest over-collateralization.
This update showcases a diversified and well-supported asset mix, reaffirming Bybit’s commitment to maintaining a minimum 1:1 reserve ratio—with most assets well above that benchmark.
Setting the Industry Standard for PoR
Since 2024, Proof-of-Reserves has become a cornerstone of trust in the crypto industry. Bybit has emerged as a leader in adopting and advancing transparent, verifiable PoR standards, publishing monthly audits and real-time reserve snapshots to ensure ongoing accountability.
The exchange has also demonstrated proactive transparency by issuing an ad hoc audit report following a major cybersecurity incident in February 2025, underscoring its dedication to user trust and security.
About Bybit
Founded in 2018, Bybit serves over 70 million users worldwide and stands as a global leader in cryptocurrency trading. With a strong focus on Web3 innovation, Bybit partners with top blockchain protocols to deliver robust infrastructure and seamless access to decentralized finance.
Bybit is recognized for its secure asset custody, intuitive user experience, and tools that empower both individual users and institutions. Bridging traditional finance (TradFi) and decentralized finance (DeFi), Bybit continues to shape the future of the digital asset economy.
Explore more at Bybit.com
I’m amazed, I must say. Seldom do I encounter a blog that’s both equally educative and entertaining, and let me tell you, you have hit the nail on the head.
The issue is something too few people are speaking intelligently about.
I’m very happy that I found this during my hunt for something regarding this.
Do you have a spam problem on this site; I also am
a blogger, and I was wanting to know your situation; many of us have created some nice methods and
we are looking to trade techniques with other folks, why not shoot me an e-mail if interested.
Greetings! This is my first visit to your blog! We are a team of volunteers and starting a new project in a community
in the same niche. Your blog provided us valuable information to work on. You have done a wonderful job!
Today, I went to the beachfront with my kids. I found a sea shell and gave it to my 4 year
old daughter and said “You can hear the ocean if you put this to your ear.” She placed the shell to her
ear and screamed. There was a hermit crab inside and
it pinched her ear. She never wants to go back! LoL I
know this is completely off topic but I had to
tell someone!
Your style is very unique compared to other folks I have read stuff from.
Thanks for posting when you’ve got the opportunity, Guess I will just bookmark this blog.
Yes! Finally something about eclipsefaq.org.
What’s up, just wanted to tell you, I liked this post. It was
inspiring. Keep on posting!
Hey! I know this is somewhat off topic but I was wondering if you knew where I could get a
captcha plugin for my comment form? I’m using the same
blog platform as yours and I’m having problems finding one?
Thanks a lot!
Remarkable! Its genuinely awesome piece of writing, I
have got much clear idea about from this article.
Hi there! Quick question that’s entirely off topic.
Do you know how to make your site mobile friendly?
My blog looks weird when browsing from my iphone 4. I’m trying to find a
template or plugin that might be able to fix this issue.
If you have any suggestions, please share. Cheers!
I savor, result in I discovered exactly what
I used to be having a look for. You have ended my 4 day long hunt!
God Bless you man. Have a great day. Bye
I know this web page presents quality dependent articles and additional material,
is there any other website which provides these stuff in quality?
Very great post. I simply stumbled upon your weblog and wanted to say that I’ve truly enjoyed browsing your weblog posts.
In any case I will be subscribing for your feed and I’m hoping you write once more soon!
Way cool! Some very valid points! I appreciate you penning this write-up
plus the rest of the website is extremely good.
Good information. Lucky me I discovered your blog by chance (stumbleupon).
I’ve book marked it for later!
Hi, just wanted to say, I liked this post. It was inspiring.
Keep on posting!
I am really enjoying the theme/design of your weblog.
Do you ever run into any web browser compatibility issues?
A small number of my blog audience have complained about my site not working correctly in Explorer but looks great in Safari.
Do you have any advice to help fix this problem?
No matter if some one searches for his necessary thing, so he/she needs to be available that
in detail, so that thing is maintained over here.
Woah! I’m really loving the template/theme of this site.
It’s simple, yet effective. A lot of times it’s tough to get
that “perfect balance” between superb usability and appearance.
I must say you’ve done a awesome job with this.
Also, the blog loads extremely quick for me on Chrome.
Outstanding Blog!
It is not my first time to pay a visit this web site, i
am browsing this web page dailly and get good information from here daily.
I was recommended this web site through my cousin. I’m
now not sure whether or not this submit is written through him as nobody
else recognise such precise about my trouble. You’re wonderful!
Thank you!
Empowering Amateur Radio Enthusiasts, Echolink Florida connects you to the best amateur radio services.
Discover our conference server located in Colorado Springs, Colorado, powered
by AT&T First Net Fiber Network.
Thank you, I have just been looking for info about this topic for a long
time and yours is the best I have came upon till now. However,
what concerning the conclusion? Are you sure concerning the supply?