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)