{"id":14549,"date":"2022-11-16T23:06:46","date_gmt":"2022-11-16T23:06:46","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/crypto-exchange-bybit-reveals-reserve-wallet-addresses\/"},"modified":"2022-11-16T23:06:46","modified_gmt":"2022-11-16T23:06:46","slug":"crypto-exchange-bybit-reveals-reserve-wallet-addresses","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/crypto-exchange-bybit-reveals-reserve-wallet-addresses\/","title":{"rendered":"Crypto exchange Bybit reveals reserve wallet addresses"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/07\/1657533658063-07936e2c-c93d-468d-86f7-8aa2fb9c7147-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/07\/1657533658063-07936e2c-c93d-468d-86f7-8aa2fb9c7147-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/07\/1657533658063-07936e2c-c93d-468d-86f7-8aa2fb9c7147-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/07\/1657533658063-07936e2c-c93d-468d-86f7-8aa2fb9c7147-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><\/picture><\/div>\n<ul>\n<li dir=\"ltr\"><strong><em>Bybit\u2019s largest asset wallet holdings total $1.9 billion, according to details from blockchain analytics firm Nansen.<\/em><\/strong><\/li>\n<\/ul>\n<p dir=\"ltr\">Bybit has become the latest crypto exchange to publish information about its assets reserves, as calls for more transparency in the industry increase following FTX\u2019s collapse.<\/p>\n<p dir=\"ltr\">On 16 November, Bybit <a href=\"https:\/\/twitter.com\/benbybit\/status\/1592797790518018048\" rel=\"noopener noreferrer\" target=\"_blank\">announced<\/a> it was revealing the user asset wallets, with portfolio data shared by blockchain analytics platform Nansen showing total assets were around $1.9 billion.\u00a0<\/p>\n<p dir=\"ltr\">According to the Nansen dashboard, Bybit\u2019s largest reserve wallets are in <a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin<\/a>, Tether (USDT), Ethereum (ETH), and USD Coin (USDC).<\/p>\n<p dir=\"ltr\">As well as releasing the wallet addresses of its largest users, Bybit founder and CEO Ben Zhou said the exchange was working on proof of reserves solutions.<\/p>\n<p dir=\"ltr\">\u201c<em>We are also exploring new custody solutions to allow users to view their own balance on chain or 3rd party custody. Bybit guarantees 1:1 reserves for all users and we made sure during this special period all users withdrawals are processed in a timely manner<\/em>,\u201d Zhou tweeted.<\/p>\n<p dir=\"ltr\">As <em>CoinJournal<\/em> <a href=\"https:\/\/coinjournal.net\/news\/bybit-says-customer-confidence-and-market-stability-should-be-top-priority-for-exchanges\/\">highlighted<\/a> a few days ago, Zhou believes the whole crypto industry has an obligation to \u201cdo right\u201d by customers.\u00a0<\/p>\n<p dir=\"ltr\">Bybit\u2019s announcement of their wallet reserves sees it join other exchanges in providing some measure of transparency at a time the industry is reeling from the FTX implosion. A spreadsheet compilation by crypto journalist Colin Wu shows Bybit has joined crypto exchanges such as Binance, OKX, KuCoin, Bitfinex and Huobi in this initiative.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Huobi and Bybit announced their cold wallet reserves. At present, among the major exchanges, only <a href=\"https:\/\/twitter.com\/gate_io?ref_src=twsrc%5Etfw\">@gate_io<\/a> <a href=\"https:\/\/twitter.com\/MEXC_Global?ref_src=twsrc%5Etfw\">@MEXC_Global<\/a> <a href=\"https:\/\/twitter.com\/bitgetglobal?ref_src=twsrc%5Etfw\">@bitgetglobal<\/a> have not announced their cold wallet addresses and 100% user reserves. <a href=\"https:\/\/t.co\/6zrQbEe5wG\">https:\/\/t.co\/6zrQbEe5wG<\/a> <a href=\"https:\/\/t.co\/eOJg9f3ssE\">https:\/\/t.co\/eOJg9f3ssE<\/a> <a href=\"https:\/\/t.co\/MmOs73HwGG\">pic.twitter.com\/MmOs73HwGG<\/a><\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1592877678281232385?ref_src=twsrc%5Etfw\">November 16, 2022<\/a><\/p>\n<\/blockquote>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/bybit-publishes-reserve-wallet-addresses\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Bybit\u2019s largest asset wallet holdings total $1.9 billion, according to details from blockchain analytics firm Nansen. Bybit has become the latest crypto exchange to publish information about its assets reserves, as calls for more transparency in the industry increase following FTX\u2019s collapse. On [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":14550,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/14549"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=14549"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/14549\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/14550"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=14549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=14549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=14549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}