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DUBAI, UAE, Dec. 24, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, announced the publication of its 29th ProofDUBAI, UAE, Dec. 24, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, announced the publication of its 29th Proof

Bybit Releases Its 29th Proof-of-Reserves Report

2025/12/24 16:30

DUBAI, UAE, Dec. 24, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, announced the publication of its 29th Proof-of-Reserves (PoR) snapshot, reflecting data accurate as of Dec. 17, 2025. The report, independently verified by Hacken, confirms that Bybit maintains reserve ratios above 100 percent across all major reported assets, reinforcing its ongoing focus on transparency and user asset protection.

The latest snapshot highlights Bybit’s continued effort to make solvency verifiable rather than assumed, ensuring that all user liabilities are fully backed by corresponding on-chain assets.

Key Highlights (as of Dec. 17, 2025):

USDT Reserve Ratio: 102 percent (User Assets: 5.9B USDT | Bybit Wallet Balance: 6.1B USDT)
USDC Reserve Ratio: 112 percent (User Assets: 583.5M USDC | Bybit Wallet Balance: 658.4M USDC)
BTC Reserve Ratio: 105 percent (User Assets: 59,711 BTC | Bybit Wallet Balance: 63,206 BTC)
ETH Reserve Ratio: 101 percent (User Assets: 528,519 ETH | Bybit Wallet Balance: 536,845 ETH)

Exceeding the 1:1 Backing Standard

Bybit’s reserves continue to exceed user holdings, ensuring that all supported assets are fully backed and readily available. Reserve ratios above the 1:1 threshold reflect additional liquidity buffers maintained beyond baseline user obligations.

The update reflects a balanced mix of customer holdings and reserve assets, with a consistent commitment to maintaining at least full backing across reported tokens. As Proof of Reserves has become more widely adopted across the digital asset industry, leading centralized exchanges have played a growing role in establishing PoR as a standard transparency mechanism.

Bybit updates its reserve snapshots on a regular basis, with independent verification reports published monthly on the Bybit Proof of Reserves page.

#Bybit / #CryptoArk / #ProofofReserves

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 80 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: media@bybit.com

For updates, please follow: Bybit’s Communities and Social Media

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SOURCE Bybit

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                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more

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