- Bybit’s 28th Proof of Reserves release shows a 4.53% increase in BTC holdings.
- USDT balances decreased 12.39%, indicating a shift in user preferences.
- The reserve ratio is maintained at 103% for full asset backing.
Bybit released its 28th Proof of Reserves on November 19, 2025, showcasing increased Bitcoin and Ethereum balances but a sharp decline in USDT holdings, emphasizing transparency in Singapore.
The shift in asset allocation highlights users’ growing preference for Bitcoin and Ethereum, reflecting market confidence amid evolving cryptocurrency dynamics, with significant attention on reserve transparency.
Bybit released its 28th Proof of Reserves on November 19, 2025. User BTC holdings surged to 67,000 BTC, marking a 4.53% increase since October, while USDT balances witnessed a 12.39% decrease reflecting a shift in user priorities.
Ben Zhou, Bybit’s CEO, has maintained an emphasis on transparency with this proof report, though no new declarations were provided on major social platforms. Bybit’s website assures of full reserves with each user’s assets held on a 1:1 basis.
“Bybit has a 1:1 reserve on all user assets on the platform. Reserves and user assets will be published to the public in a completely open and transparent manner.” — Ben Zhou, Co-founder & CEO, Bybit
The reserve ratio stands at 103%, highlighting Bybit’s commitment to full backing amid user reallocations. An uptick in BTC and ETH holdings aligns with trends post-FTX collapse, shifting trust from USDT among the community.
Financial transformations indicate a preference for BTC and ETH over USDT among investors, reflecting changing sentiments.
Institutional inflows tied directly to this shift remain unverified, while regulatory responses remain absent as per available sources.
Market movements underscore user confidence in cryptographic validation as Bybit publicly shares reserves. This ongoing trend has not prompted statements from regulatory bodies like the SEC or CFTC, reaffirming the cryptocurrency landscape’s reliance on transparency.
Historically, Bybit’s regular proof updates post-FTX collapse foster valuation stability. The surge in BTC and ETH holdings indicates potential impacts on asset allocation strategies, while the shifting role of reserve disclosures could influence broader market practices.
