Bybit and Binance Publish Latest Proof of Reserves Showing Changes in BTC, ETH and USDT Holdings

Crypto exchange Bybit has published its 29th Proof of Reserves report, based on a snapshot taken on Feb. 26, revealing notable changes in user-held assets on the platform.

User balances of Bitcoin totaled roughly 59,000 BTC, marking a 2.41% decline from the previous report dated Jan. 27. This represents a reduction of about 1,461 BTC. Meanwhile, holdings of Ethereum increased significantly to around 520,000 ETH, reflecting an 11.4% rise or an addition of 53,607 ETH.

Balances of Tether stood near 6.12 billion USDT, showing a 1.71% decrease, equivalent to roughly 100 million USDT.

Binance Reserve Report Shows Decline in Major Assets

Leading exchange Binance also released its 40th Proof of Reserves report with a snapshot dated March 1. User holdings of Bitcoin reached approximately 631,000 BTC, down 1.25% from Feb. 1, representing a decline of about 8,004 BTC.

Ethereum balances totaled about 3.87 million ETH, falling 7.35% or 307,203 ETH. Holdings of Tether were recorded at roughly 36.4 billion USDT, reflecting a 0.98% decrease, equal to nearly 360 million USDT.

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This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.