Dubai, UAE, March 5th, 2026 - Bybit, ranked as the world’s second-largest cryptocurrency exchange by trading volume, has published its 31st Proof-of-Reserves (PoR) snapshot. The report documents the exchange’s on-chain holdings and user liabilities as of Feb. 26, 2026, and was independently verified by cybersecurity firm Hacken.
The update presents reserve ratios for a set of major tokens and shows that, at the snapshot moment, Bybit held reserves equal to or exceeding the platform’s reported user liabilities for each asset tracked. The exchange continues to make available on-chain data that allows users to independently confirm the relationship between platform liabilities and the assets held in custody.
Key figures from the Feb. 26, 2026 snapshot
- USDT Reserve Ratio: 104% (User Assets: 6.12 billion USDT | Bybit Wallet Balance: 5.87 billion USDT)
- USDC Reserve Ratio: 113% (User Assets: 723.06 million USDC | Bybit Wallet Balance: 634.89 million USDC)
- BTC Reserve Ratio: 109% (User Assets: 59,060 BTC | Bybit Wallet Balance: 54,158 BTC)
- ETH Reserve Ratio: 100% (User Assets: 523,662 ETH | Bybit Wallet Balance: 519,990 ETH)
The snapshot shows Bybit maintaining reserve ratios at or above the 1:1 benchmark across the reported assets. By publishing verifiable on-chain balances and pairing those with disclosed user liabilities, the exchange aims to demonstrate that liabilities were covered by corresponding assets at the time the data was recorded.
Hacken’s CEO and Co-Founder, Yevheniia Broshevan, is quoted in the report emphasizing consistency and transparency. "Consistency is the foundation of trust in digital assets. By maintaining reserve ratios above 100% across major assets, Bybit demonstrates a sustained commitment to financial integrity and institutional-grade accountability. Through Hacken’s independent Proof-of-Reserves verification, users can be confident that their assets are fully backed and transparently reported," she said.
The distribution of assets in the reserve pool, as presented in the snapshot, reflects ongoing user participation across the major cryptocurrencies listed. The exchange continues to prioritize full collateralization and public reporting as part of its operational approach.
Proof-of-Reserves has become a frequently used framework in the digital asset sector for platforms seeking to provide verifiable evidence of solvency. Bybit’s monthly publication schedule for PoR updates, together with independent verification reports posted on its Proof of Reserves page, is intended to enable users to monitor reserve balances and verify asset backing on an ongoing basis.
About Bybit
Bybit is described in the release as the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of more than 80 million users. The company was founded in 2018 and positions itself as an exchange focused on Web3, working with blockchain protocols to provide infrastructure and on-chain tools. The report highlights Bybit’s emphasis on custody, marketplace diversity, user experience and bridging TradFi and DeFi capabilities.
Bybit publishes monthly Proof-of-Reserves updates and makes independent verification reports available for users to review. For further details or media inquiries, contact information was provided in the release.
Reporting by Priya Menon. The information presented here reflects figures and statements included in Bybit’s 31st Proof-of-Reserves snapshot and the independent verification provided by Hacken, based on the Feb. 26, 2026 on-chain balances.