Bybit Expands Proof-of-Reserves Coverage to 50 Tokens

Bybit, the second-largest cryptocurrency exchange by trading volume, has expanded its Proof-of-Reserves (PoR) coverage to include 10 new tokens. The move brings the total number of covered tokens to 50.

The added tokens are GRAM, XAUT, HYPE, STABLE, ENA, ARB, ASTER, ONDO, AAVE, and USD1. Bybit prioritizes tokens with high assets under management (AUM) when determining the scope of its PoR disclosures.

Bybit's 38th PoR report shows that mainstream assets have a reported value exceeding $16.5 billion. Independently verified by Hacken, the disclosure reveals reserve ratios for key assets like USDT, USDC, BTC, and ETH all exceed 100%, indicating user liabilities are fully backed by on-chain holdings.