Bybit Releases 41st Proof-of-Reserves Report, Says It Holds $17.3 Billion in Assets
Uk Jin
Summary
- Bybit said it released its 41st Proof-of-Reserves Report and disclosed that it holds $17.3 billion in assets.
- The report said reserve ratios for 50 cryptocurrencies were all above 100%, and that it underwent a verification process by Hacken.
- It said reserves for major assets including Tether (USDT 112%), USDC 405%, Bitcoin 102% and Ether (ETH) 101% exceeded customer holdings.
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Global cryptocurrency exchange Bybit has disclosed its reserves.
Bybit on Nov. 3 released its 41st proof-of-reserves report, according to PR Newswire. The report valued the major crypto assets included at $17.3 billion.
According to the report, Bybit's reserve ratios for 50 cryptocurrencies all exceeded 100% as of Oct. 27. The report was verified by blockchain security firm Hacken.
Reserve ratios for major assets were 112% for Tether's USDT, 405% for USDC, 102% for Bitcoin and 101% for Ether.
Specifically, Bybit held 58,643 Bitcoin, exceeding customer assets of 57,373 Bitcoin. It also held 566,997 Ether, above customer assets of 558,637 Ether.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.