Bybit, the world’s third largest crypto exchange by volume, has released its latest Proof of Reserves, showing its holdings of an industry-leading 32 cryptocurrencies with a reserve ratio of over 100%. The report, now in its 13 month, shows some assets have seen an increase of over 25% since December 2023. The 32 tokens included in the report cover all the largest cryptocurrencies including Bitcoin, USDT and Ether. Bybit deploys an advanced cryptographic accounting procedure using the Merkle Tree structure to efficiently process complex data for accurate and...