Bybit Launches Merkle Tree-Verified Proof of Reserves

The Dubai-based platform announced the launch of a Merkle Tree-based proof-of-reserve system to enable users to verify their assets deposited into the exchange as well as Bybit’s holdings. The verific...

Bybit joins trend, releases Merkle Tree-verified proof of reserves

The cryptocurrency exchange Bybit joins the parade of exchanges in the industry pushing for transparency post the FTX catastrophe. On Dec. 12, it announced that it has launched a Merkle Tree-based pro...