Bybit releases 38th proof-of-reserves report, adds 10 tokens and lists $16.5B in mainstream asset reserves

AI Market Summary
Bybit published its 38th Proof of Reserves, expanding coverage to 10 additional tokens and reporting over $16.5B in mainstream assets, independently verified by Hacken. Reserve ratios for BTC, ETH, USDT and USDC remain above 100%, indicating onchain holdings fully cover reported user liabilities. The update supports exchange transparency and may marginally improve confidence, but is largely a routine disclosure with limited market-wide impact.
Impact level
● Low
Affected assets
BTC/USDT-1.10%
AI Insight · BTC/USDTAI Insight
● Neutral
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Bybit has published its 38th Proof of Reserves report, expanding coverage to 10 additional tokens—GRAM, XAUT, HYPE, STABLE, ENA, ARB, ASTER, ONDO, AAVE and USD1—and reporting mainstream asset reserves topping $16.5B. The figures were independently verified by security auditor Hacken. Bybit said BTC, ETH, USDT and USDC each maintained reserve ratios above 100%, indicating user liabilities are fully backed by onchain holdings.