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 publication of Bybit's 38th PoR report, which reflects asset balances as of July 22, 2026.

The tokens added to Bybit's PoR coverage in July 2026 are GRAM, XAUT, HYPE, STABLE, ENA, ARB, ASTER, ONDO, AAVE, and USD1. According to the exchange, the expansion is intended to increase transparency across the platform.

Bybit stated that it prioritizes tokens with the highest assets under management (AUM) when determining the scope of its PoR disclosures. The current report covers the 50 highest-AUM tokens on the platform, meaning users can independently verify that their balances in each of these assets are backed by on-chain reserves.

The report, released on July 23, 2026, in Dubai, United Arab Emirates, shows the reported value of mainstream assets exceeding $16.5 billion. The disclosure was independently verified by Hacken, a blockchain security firm. 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 became a widely adopted industry practice following the collapse of FTX in November 2022, which exposed significant gaps in how exchanges disclosed asset backing. Major exchanges have since published recurring PoR reports to demonstrate that user balances are fully collateralized. Bybit's 38th report continues this practice, providing an independently verified snapshot of reserve balances and user liabilities that offers 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 available here.

Bybit, founded in 2018 and headquartered in Dubai, serves more than 80 million users worldwide and offers investing, trading, payments, and wealth management services through its platform. Additional details are available in the Bybit Press section.