Bybit completes SOC 2 Type II audit conducted by Deloitte as crypto exchange strengthens security controls

Bybit has completed a SOC 2 Type II audit conducted by Deloitte, giving the crypto exchange an independent review of whether its security and operational controls worked effectively over a defined period.

The milestone matters as crypto platforms face growing pressure from users, institutions, regulators, and business partners to prove security claims are backed by more than internal policies.

SOC 2 Type II is an assurance framework developed by the American Institute of Certified Public Accountants. The review assesses how controls operate over time, rather than whether policies exist on paper at a single moment.

For Bybit, which says it serves more than 80 million users, the audit examined controls tied to its security and risk-management processes across governance, technology, internal procedures, and staff responsibilities.

The company said the review assessed whether those measures operated effectively throughout the audit period.

Crypto exchanges face a higher bar for security

Security audits have become a bigger part of how crypto companies try to win institutional trust.

Large trading platforms handle vast amounts of customer data, digital assets, payment information, and transaction activity. That makes security controls, access management, internal oversight, and operational resilience central to how institutional clients assess risk.

Bybit said the SOC 2 Type II report is intended to give users and partners more visibility into its security practices and support due diligence by institutions evaluating the platform.

The audit adds another layer to Bybit’s existing security credentials. The company already holds ISO/IEC 27001 certification and has completed PCI DSS compliance validation.

Those standards cover different areas. ISO/IEC 27001 focuses on information security management systems. PCI DSS centers on protecting payment card data. SOC 2 examines controls related to areas such as security and operational processes over a set review period.

Taken together, the certifications give customers and business partners multiple outside reference points for evaluating how the company manages security.

That distinction has become more meaningful across the crypto sector. Exchanges once competed largely on trading volume, token listings, liquidity, and fees. Trust and operational controls now carry far more weight, particularly for institutional customers deciding where to hold assets or execute trades.

Bybit said it plans to continue using independent assessments to guide changes to its security systems as the platform grows.

The SOC 2 Type II completion does not eliminate security risk, nor does any outside audit guarantee that a platform will never experience an incident. It does provide an independent assessment of whether the controls examined during the review period operated as intended.

For crypto companies trying to move deeper into mainstream finance, that kind of external verification is becoming part of the cost of doing business.