Bybit Values Transparency in Crypto and Plans to Create a Proof of Reserve Program
The liquidity problem experienced by one of the largest exchanges in the crypto industry has mobilized other exchanges for transparency. Bybit argues that there should be a global standard for greater reliability and trust for the crypto ecosystem and greater transparency to help ensure trust for regulators and customers. That’s why it plans to establish a Proof of Reserve program in the near future, both to set an example for other exchanges and to ensure that customers continue to trade transparently and with confidence.
