Bybit’s 40th proof-of-reserves report, released around September 30, 2026, shows covered assets totaling $19.6 billion as of a September 23, 2026 snapshot. This figure represents an increase from the previous report’s $18.1 billion, a rise primarily attributed to the addition of 10 new tokens, expanding the total covered to 50. According to the report, all 50 tokens maintain a reserve ratio of 100% or higher, verified by Hacken.
The report, based on data from 03:00 UTC on September 23, 2026, details Bybit’s covered assets at $19.6 billion. This is up from approximately $18.1 billion in the prior report. The expansion of the in-scope list to 50 tokens, an increase of 10 new assets, is cited as the primary reason for this growth, rather than solely an increase in user deposits. The 10 newly added tokens reported reserve ratios ranging from 101% to 125%.
Key asset reserves remain robust. Bitcoin user assets were approximately 56,131 BTC against reserves of 58,722 BTC, yielding a 104% reserve ratio. Ethereum user holdings stood at 551,869 ETH with reserves of 570,018 ETH, a 103% reserve ratio. For Tether (USDT), liabilities were around $3.59 billion with reserves at approximately $3.96 billion, showing a 110% reserve ratio.
Bybit initiated its proof-of-reserves program in December 2022 and has issued monthly reports since then. The verification process utilizes Merkle trees, a cryptographic method ensuring data integrity. The exchange reports serving over 80 million users.
It is important to note that this report reflects balances at a specific moment in time. Assets outside the list of 50 tokens are not included in this verification. The monthly report aims to provide transparency in an industry where exchange solvency is a recurring concern.
As stated in the report, every token in scope was fully backed at the time of the snapshot. However, the report also acknowledges the inherent limitations of snapshot data, noting that assets outside the specified list are not part of this particular verification.
Broader Context
Source materials place the factual news in this context: In an industry where exchange solvency is a recurring worry, a monthly receipt like this gets read closely.
Why This Matters
Bybit’s consistent monthly proof-of-reserves reporting, now encompassing 50 tokens, offers a degree of transparency in an industry frequently concerned with exchange solvency. The latest report highlights robust reserve ratios across all covered assets, with the increase in total covered value primarily driven by the expanded token list rather than solely new deposits.
