Bybit has announced the availability of its Proof of Reserve (PoR) solution. Users may now check the balance of their assets, as well as the balance and ownership of the wallet addresses disclosed by the exchange, as well as the reserve ratio. 
Bybit just revealed its wallet addresses as well as a Nansen dashboard. The exchange has also created a Merkle Tree and performs frequent PoR audits, allowing customers to readily validate its guarantee to safely keep their funds in a 1:1 ratio.
Users can now verify the following using Bybit Proof of Reserves:1⃣ The balance of your assets in our exchange 2⃣ The balance and ownership of the wallet addresses we disclose 3⃣ The reserve ratioFind out how: https://t.co/osiCZmLlen#Bybit #TheCryptoArk pic.twitter.com/LP2KMaJyZp
— Bybit (@Bybit_Official) December 10, 2022
Using the Proof of Reserves, users can verify the following:
The balance of the assets in the exchange
The balance and ownership of the wallet addresses we disclose
The reserve ratio;
Furthermore, Bybit is trying to provide wallet ownership verification. In the meantime, the exchange has provided detailed guides on how to conduct self-verification.
Earlier, the exchange announced raising the daily withdrawal limit for non-KYC users from 2 BTC to 20,000 USDT.
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