The crypto exchange’s February 26 snapshot reveals a 2.41% decline in user Bitcoin balances while Ethereum holdings rose over 11% since the January report.
Bybit released its 29th Asset Reserves Proof, reflecting data as of February 26. The report indicates users held around 59,000 Bitcoin, down 2.41% from January 27, equivalent to a reduction of roughly 1,461 BTC. In contrast, users’ Ethereum holdings grew approximately 11.4% to about 520,000 ETH, highlighting increased participation in Ethereum-related activities on the platform. Periodic reserve disclosures like Bybit’s are used to demonstrate transparency in safeguarding customer assets and maintaining solvency within crypto exchanges.