Bybit Releases 28th Proof of Reserves: Bitcoin & Ethereum Rise While USDT Dips

Bybit released its 28th Proof of Reserves report, revealing a significant shift in asset allocation among users. The report highlights a 4.53% increase in Bitcoin holdings and a corresponding decrease in USDT balances, indicating growing user preference for these cryptocurrencies. This transparency underscores Bybit’s commitment to full asset backing and market confidence post-FTX collapse.