Bybit Strengthens Investor Confidence with New Reserve Report
Date: 2025-07-01 Author: Henry Casey Categories: BUSINESS
At the end of June, Bybit, the world's second-largest crypto exchange by trading volume, shared fresh results of its reserve audit. The new, twenty-fourth reserve proof report was prepared by Hacken and covers the situation as of June 19, 2025. According to the data presented, the platform holds more than 100% of reserves for each of the 40 supported assets.
Bybit emphasizes transparency, regularly publishing such reports and allowing users to personally verify the solvency of the exchange. This time, it was possible to identify several key points compared to the May results. Thus, USDC has a record coverage ratio of 143%, followed by XPR with 137%, which is significantly higher than last month's figures and is due to the growing interest in the XPR ETF.
The growth of Ethereum reserves deserves special attention: the amount of ETH in Bybit accounts increased by more than 6%, while the growth of Bitcoin was more modest - just over 1.5%. This dynamics reflects the growing interest in ETH, although BTC remains the most popular asset among platform users.
Among stablecoins, multidirectional movements are noticeable: the amount of USDe increased by almost a quarter and reached 545 million USDe with a reserve ratio of 105%. At the same time, USDT reserves decreased by 7%, but the coverage strengthened and is 104%. As for USDC, the total volume fell by 1.7% and amounted to about 399 million USDC.
Since the beginning of 2024, the industry has made significant progress towards standardizing reserve evidence. As transparency requirements become more stringent, the largest centralized exchanges are actively implementing regular independent audits and developing open control tools. Bybit remains at the forefront of this, ensuring that clients are backed at least 1:1 and verified by third-party audits.
It is worth noting that after a high-profile hack in February 2025, Bybit published an unscheduled audit, demonstrating its commitment to full reporting. Going forward, the exchange continues to update its reserve snapshots on a monthly basis and publish public reports.
Since its founding in 2018, Bybit has been focused on the development of Web3 and has partnered with major blockchain projects to build a safe and transparent environment for all market participants. With reliable storage, a wide range of products, and user-friendly tools, the platform is solidifying its reputation as a bridge between traditional finance and the rapidly growing decentralized solutions sector.
