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  • Qadir AK
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    Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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

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.

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