Bybit’s 28th Proof of Reserves Shows Increased BTC and ETH Holdings

The November 19 snapshot revealed growth in Bitcoin and Ethereum balances, while Tether reserves declined compared to October levels.

BTC
ETH
USDT

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Terms & Concepts
  • Proof of Reserves: A verification method where cryptocurrency exchanges publicly share data confirming they hold enough assets to cover user balances.
  • BTC: Abbreviation for Bitcoin, the first and largest cryptocurrency by market capitalization.
  • ETH: Abbreviation for Ethereum, a blockchain platform known for its smart contracts (self-executing blockchain code) and decentralized applications.