Bybit has expanded its Proof-of-Reserves (PoR) coverage to 50 tokens, adding 10 new assets including GRAM, HYPE, and AAVE. The 38th PoR report, verified by security firm Hacken, shows reserve ratios well above 100% for major cryptocurrencies like Bitcoin and Ethereum. The move comes as the exchange, now the second-largest by trading volume, continues to prioritize transparency for its 80 million users.
New tokens and reserve ratios
The 10 new tokens added to Bybit's PoR are GRAM, XAUT, HYPE, STABLE, ENA, ARB, ASTER, ONDO, AAVE, and USD1. That brings the total covered assets to 50. The report reflects balances as of July 22 and was released the next day.
Reserve ratios for key assets: USDT sits at 105% (user assets of about 4.71 billion USDT against wallet holdings of 4.98 billion). USDC is at 174% (626 million USDC in user assets versus 1.0939 billion in wallets). Bitcoin is at 104% (56,438 BTC held by users, 59,064 BTC in wallets). Ethereum is at 102% (541,412 ETH vs. 553,776 ETH). The total reported value of mainstream assets on Bybit now exceeds $16.5 billion.
Why Bybit picks these tokens
Bybit says it prioritizes tokens with the highest assets under management (AUM) when deciding which to include in its PoR disclosures. That means the new additions — like HYPE, AAVE, and ARB — are likely among the most-held assets on the platform. The approach aims to give users visibility into the reserves backing the tokens they actually trade and hold.
Independent verification
Hacken, a blockchain security auditor, independently verified the 38th PoR report. The firm checked that Bybit's on-chain wallet balances match the amounts claimed in the report. This isn't the first time Hacken has audited Bybit's PoR — the exchange has used the same verifier for previous editions.
Bybit has been publishing PoR reports on a monthly cadence — the 38th edition dropped this week. The 39th report is expected in late August. Given the exchange's stated policy of covering tokens with the highest AUM, users can expect more additions as holdings shift. For now, the 50 covered assets represent a significant chunk of what's actively traded on the platform.
