Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»TRADING NEWS»Highest level of transparency: Bybit launches proof of full reserves, strengthening market trust
TRADING NEWS

Highest level of transparency: Bybit launches proof of full reserves, strengthening market trust

By Crypto FlexsMay 12, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Highest level of transparency: Bybit launches proof of full reserves, strengthening market trust
Share
Facebook Twitter LinkedIn Pinterest Email

Dubai, United Arab Emirates, May 10, 2024, Chainwire

Bybit, one of the world’s top three cryptocurrency exchanges by trading volume, has announced its Proof of Reserves audit, which includes the most comprehensive 40 cryptocurrencies in the sector, reiterating its commitment to transparency and trustworthiness.

Cryptocurrencies more than 100% supported include: BTC, ETH, USDT, USDC, AGI, AGLA, APEX, APT, ATOM, AVAX, BEAM, BLUR, COMP, CRV, DAI, DOGE, DOT, DYDX, EOS, FET, FTM, GALA, IMX, LDO, LINK, LTC, MANA, MATIC, MNT, OP, PEPE, RNDR, SAND, SHIB, SHRAP, SOL, SUSHI, UNI, WLD and XRP.

The reserve ratios of major cryptocurrencies are BTC: 116%, ETH: 106%, SOL: 111%, USDT: 107%, and USDC: 129%.

These holdings demonstrate Bybit’s commitment to maintaining a safe and transparent trading environment. This milestone not only solidifies Bybit’s position at the forefront of the industry, but also surpasses the audit efforts of its closest competitors.

Bybit has consistently received high scores for operational integrity, including a perfect trust score of 10/10 from CoinGecko and an ‘AA’ rating from the CCData Cryptocurrency Exchange Benchmark Report, confirming its compliance with industry best practices.

To ensure the safety and accessibility of customer assets, Bybit utilizes a sophisticated wallet architecture consisting of cold, warm, and hot wallets. The system is designed to maximize security while providing the liquidity needed for efficient user trading.

“Our ongoing efforts to verify our reserves reflect our core philosophy of fostering trust through tangible evidence,” said Ben Zhou, Bybit’s co-founder and CEO. “For us, guaranteeing our users’ investments and transparency in our operations are of the utmost importance.”

Introduction to Bybit

Bybit is one of the top three cryptocurrency exchanges in the world by trading volume, with 25 million users. Founded in 2018, the company provides a professional platform where cryptocurrency investors and traders can find a lightning-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of the Oracle Red Bull Racing team, Formula One’s constructor and driver champion.

For more information about Bybit, see Bybit Press..

contact

Public Relations Manager
Tony Oh
bybit
(email protected)

Post navigation

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Why experts say that 99%of the traders are wrong

September 4, 2025

TOKEN2049 Singapore stops all records with the world’s largest Web3 event with 25,000 attendees in unprecedented demand.

September 3, 2025

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025
Add A Comment

Comments are closed.

Recent Posts

Sign Up And Receive $500 Bonus, Ushering In A New Era Of Compliant And Secure Crypto Investment

September 4, 2025

Why experts say that 99%of the traders are wrong

September 4, 2025

ChainUp Named Double Finalist At Thomson Reuters’ ALB Pan-Asian Regulatory Awards 2025

September 4, 2025

Integrated security classes can accelerate the adoption of institutional passwords.

September 4, 2025

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025

Cardano founder says Chainlink quotes ‘ridiculous price’ to them.

September 3, 2025

Acurast launches ‘Staked Compute’ and challenges AWS, Azure and Google Cloud using the distributed smartphone network.

September 3, 2025

Solana-packee blockchain manually spreads

September 3, 2025

Bybit Card Launches In Europe With Unmatched 20% Cashback

September 3, 2025

GiftlyCard.com Recognized As Verified And Secure By Independent Review Sites

September 3, 2025

Embodying “Simple Mining, Smart Gains” For Effortless Crypto Accumulation

September 3, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Sign Up And Receive $500 Bonus, Ushering In A New Era Of Compliant And Secure Crypto Investment

September 4, 2025

Why experts say that 99%of the traders are wrong

September 4, 2025

ChainUp Named Double Finalist At Thomson Reuters’ ALB Pan-Asian Regulatory Awards 2025

September 4, 2025
Most Popular

Influence of cryptocurrency on the future of work in Singapore

February 14, 2025

GitHub Recognized as a Leader in Gartner’s First Magic Quadrant for AI Code Assistants

August 22, 2024

Ethereum developers discuss major upgrades in the latest ACDE currency.

September 27, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.