Bybit Adds 10 Tokens to Proof-of-Reserves Reporting, Bringing Total Coverage to 50
Key Takeaways
- •Bybit added ten new tokens to its Proof-of-Reserves coverage, bringing the total number of tracked assets to 50 across its platform.
- •The exchange's 38th PoR report, reflecting balances as of July 22, 2026, was independently verified by blockchain security firm Hacken.
- •Reserve ratios for major assets USDT, USDC, BTC, and ETH all exceeded 100%, confirming that user liabilities are fully backed by on-chain wallet holdings.
- •The reported value of mainstream assets on Bybit surpassed $16.5 billion according to the latest disclosure.
- •Proof-of-reserves reporting became a widely adopted transparency standard across the crypto industry following the FTX collapse in November 2022, which exposed commingled and misused customer funds.
Bybit, the world's second-largest cryptocurrency exchange by trading volume, has expanded its Proof-of-Reserves (PoR) coverage by adding 10 new tokens, bringing the total number of covered assets to 50. The expansion coincides with the release of the exchange's 38th PoR report, which reflects asset balances as of July 22, 2026.
The newly added tokens are GRAM, XAUT, HYPE, STABLE, ENA, ARB, ASTER, ONDO, AAVE, and USD1. These span several segments of the digital asset market, including Layer 2 networks (ARB), DeFi lending (AAVE), gold-backed tokens (XAUT), and real-world asset protocols (ONDO). Bybit prioritizes tokens with the highest assets under management (AUM) when determining the scope of its PoR disclosures, and the current report now covers the 50 highest-AUM tokens on the platform.
According to the report, released on July 23, 2026, in Dubai, United Arab Emirates, the reported value of mainstream assets topped $16.5 billion. The disclosure was independently verified by Hacken, a blockchain security firm specializing in smart contract audits and exchange transparency reviews. Reserve ratios for key assets — including USDT, USDC, BTC, and ETH — all exceeded 100%, indicating that user liabilities were fully backed by on-chain holdings.
Key Metrics (as of July 22, 2026)
USDT Reserve Ratio: 105%
- User Assets: ~4.71 billion USDT
- Wallet Holdings: ~4.98 billion USDT
USDC Reserve Ratio: 174%
- User Assets: ~626.4 million USDC
- Wallet Holdings: ~1,093.9 million USDC
BTC Reserve Ratio: 104%
- User Assets: 56,438 BTC
- Wallet Holdings: 59,064 BTC
ETH Reserve Ratio: 102%
- User Assets: 541,412 ETH
- Wallet Holdings: 553,776 ETH
Proof of reserves has become an increasingly important transparency measure across the digital asset industry as institutional and retail participation continues to grow. The practice gained broader adoption following the collapse of FTX in November 2022, which revealed that customer funds at the exchange had been commingled and misused, eroding trust in centralized platforms. Since then, major exchanges have implemented recurring PoR reports to demonstrate that customer balances are backed by verifiable on-chain holdings. Bybit's latest report, its 38th edition, provides an independently verified snapshot of reserve balances and user liabilities, offering additional visibility into the exchange's asset custody and solvency position.
Reserve balances and verification records are published on Bybit's Proof-of-Reserves page and updated on a recurring basis. The full audit report is also available at Bybit's audit report page.
Source: Chainwire