The major cryptocurrency exchange Bybit has published its 30th Proof of Reserves (PoR) report, continuing its commitment to transparency following the snapshot taken on March 18, 2026. The latest data reveals a shifting landscape in user asset distributions, characterized by a notable decrease in Bitcoin (BTC) balances alongside marginal growth in Ethereum (ETH) and Tether (USDT) holdings. This disclosure allows platform participants to verify that their digital assets are fully backed by the exchange's on-chain reserves.
Fluctuations in Major Cryptocurrency Balances
The snapshot highlights significant movements in the primary assets held by Bybit users over the last three weeks. According to the report, user Bitcoin (BTC) holdings fell to approximately 53,000 BTC, representing a decrease of 8.98% (down 5,303 BTC) compared to the previous snapshot on February 26. In contrast, other major assets saw slight inflows:
- Ethereum (ETH): User balances rose to approximately 525,000 ETH, an increase of 0.29% (+1,543 ETH).
- Tether (USDT): Holdings grew by 1.14%, reaching about 6.19 billion USDT, an increase of roughly 69 million USDT.
These shifts occur against a backdrop of broader market volatility, where Bitcoin has recently faced pressure following a hawkish stance from the Federal Reserve during the mid-March FOMC meeting.
Transparency and Verification Standards
Bybit continues to utilize Merkle tree technology and independent audits to maintain a 1:1 reserve ratio across all user funds. This methodology ensures that every unit of cryptocurrency deposited by a client is accounted for in the exchange's cold and hot wallets. The verification process is often bolstered by third-party security firms to provide institutional-grade accountability.
Consistency is the foundation of trust in digital assets. By maintaining reserve ratios above 100% across major assets, Bybit demonstrates a sustained commitment to financial integrity.
The exchange emphasizes that these regular reports are essential for fostering user confidence in the centralized exchange (CEX) ecosystem. By providing verifiable on-chain data, the platform aims to mitigate risks associated with insolvency and operational opacity.
The 30th PoR report underscores the dynamic nature of trader sentiment in early 2026. While the reduction in BTC holdings might suggest a period of profit-taking or migration to self-custody solutions, the steady levels of ETH and USDT indicate a continued reliance on the platform for liquidity and stablecoin management. As the crypto industry moves toward standardized transparency, regular reserve disclosures remain a critical benchmark for market health.
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For educational purposes only. Nothing here constitutes financial or investment advice. Crypto markets are highly volatile — always DYOR before making any decisions.
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