Crypto
Bybit Hits $19.6 Billion in Covered Assets Across 50 Tokens
Bybit has released its 40th proof-of-reserves disclosure, showcasing covered assets totaling $19.6 billion across 50 tokens.
The update includes 10 new additions to the list: SUI, PUMP, LIT, CAP, SPX, ZEREBRO, XPL, USDTB, PENGU, and ZRO.
Every asset in scope exceeded a 100% reserve ratio, with Bitcoin (BTC) reserves totaling 58,721 BTC against 56,131 user assets.
The review examined balances recorded at 03:00 UTC on September 23, equivalent to 11 p.m. ET on September 22, and included over 65 million liability holders.