Bybit’s Latest Proof of Reserves Shows Surge in BTC and ETH, Drop in USDT

The post Bybit’s Latest Proof of Reserves Shows Surge in BTC and ETH, Drop in USDT appeared first on Coinpedia Fintech News

Bybit’s 28th Proof of Reserves snapshot (Nov. 19) reveals strong growth in user BTC and ETH balances. Bitcoin holdings climbed 4.53% to 67,000 BTC, adding 2,900 BTC since Oct. 22. Ethereum holdings also increased by 6.09%, reaching 575,000 ETH with an additional 33,000 ETH. However, USDT balances declined sharply, falling 12.39% to 5.6 billion after a drop of 791 million USDT.