Bybit's July Crypto Reserve Ratio: Maintaining Over-Collateralization

IconCryptoNewsTerminal Staff18 Jul, 2024

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Bybit's July Crypto Reserve Ratio: Maintaining Over-Collateralization

Bybit, a popular cryptocurrency exchange, has released its crypto reserve ratio for July, demonstrating its commitment to transparency and the security of its users' assets. According to the official Bybit website, as of July 10 (local time), the reserve ratio (the ratio of exchange assets to user assets) for 40 cryptocurrencies was between 100% and 163%, indicating an over-collateralized status. Key cryptocurrency reserve ratios include: - BTC: 107% - ETH: 105% - SOL: 106% - USDT: 103% - USDC: 140% Over-collateralization means that Bybit holds more assets in reserve than the total amount of user deposits, providing a buffer to cover potential risks such as market fluctuations or security breaches. This move by Bybit is a positive step towards establishing trust and confidence in the cryptocurrency ecosystem. By maintaining over-collateralization, Bybit demonstrates its commitment to protecting user funds and ensuring the stability of its platform.

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