The cryptocurrency platform Bybit has announced its reserve assets

ChainCatcher news, the cryptocurrency platform Bybit announced today in collaboration with Nansen the reserve assets of the platform. The data shows that the total value of Bybit's reserve assets is approximately $1.9 billion, with the highest value asset being USDT; Stablecoin assets, including USDT and USDC, account for 54.10%; BTC (21.52%) and ETH (11.10%) together account for 32.62%; BIT reserves rank fifth, accounting for 4.99%.

Bybit CEO Ben Zhou stated, "We are exploring new custody solutions that allow users to view their on-chain balances or third-party custody. Bybit guarantees a 1:1 reserve for all users, and Bybit will ensure that all user withdrawals are processed promptly during this special period." (source link)