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Bybit Crypto Exchange Says Customers Can Verify Its Crypto Reserves

Bybit has rolled out a system that will allow its customers to verify the crypto assets that the crypto exchange platform holds in its reserves, the company announced last week.

The Bybit proof of reserves system utilizes Merkle Trees, a type of data structure that can be used for on-chain verification. Bybit says customers with funds on the platform can use the system to confirm that the exchange holds 100% of their assets.

(By Osato Avan-Nomayo)

Bybit Proof of Reserves
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