Bybit announced the removal of 7 tokens from its platform as of 21 March 2025. This decision was made to ensure a secure trading environment that complies with the exchange's standards. Users are advised to manage their assets accordingly.
According to the latest updates, ByBit has announced the removal of 7 tokens from its platform. The exchange stated that the changes will go into effect as of 8:00 UTC on 21 March 2025.
After the announcement, the affected tokens dropped in price, leading to a downward trend for each cryptocurrency.
ByBit Removes Seven Tokens
ByBit announced this decision in an official blog post on Monday. According to reports, all tokens in question have a low market capitalisation. The list also includes a stablecoin, the Celo Dollar (CUSD).
In the official statement, ByBit said:
"We will remove the trading pairs EVERY/USDT, GG/USDT, CUSD/USDT, BUBBLE/USDT, TAVA/USDT, PLANET/USDT and IRL/USDT from our platform and will no longer support these tokens as assets in the future."
With regard to timing, ByBit has clarified that the EVERY/USDT, GG/USDT, CUSD/USDT, BUBBLE/USDT, TAVA/USDT, PLANET/USDT and IRL/USDT pairs will no longer be supported in Spot trading from 8:00 UTC on 21 March 2025. Spot trading allows users to trade cryptocurrencies in real time. In addition, the platform will also discontinue support for these tokens in the conversion function, also as of the same date.
With regard to deposits, the exchange will no longer accept deposits for EVERY, GG, CUSD, BUBBLE, TAVA, PLANET and IRL as of 20 March 2025, 8:00 UTC. In addition, withdrawal of these tokens will no longer be available after 20 June 2025, 8:00 UTC.
ByBit's announcement comes as part of the exchange's plan to ensure a more secure and regulated trading environment. ByBit also stated that all listed tokens will undergo a rigorous review to ensure that they meet the required standards.
"ByBit will regularly review every listed token to ensure a healthy trading environment, thereby protecting the rights and interests of traders. If a token does not meet ByBit's stringent listing requirements, the team will conduct a thorough review and may remove the token and its trading pair,"stated the exchange in another blog post.
The announcement triggered a significant drop for the affected tokens, with Rebase GG (IRL) suffering the biggest loss, falling 41.3% in the past 24 hours. $EVERY also dropped 8.3%, while $BUBBLE fell nearly 15.5%. Furthermore, $PLANET lost 11.8%, generating concern among investors. However, $TAVA was the only exception, rising 3.7% despite the overall negative trend.
According to the latest updates, ByBit has announced the removal of 7 tokens from its platform. The exchange stated that the changes will go into effect as of 8:00 UTC on 21 March 2025.
After the announcement, the affected tokens dropped in price, leading to a downward trend for each cryptocurrency.
ByBit Removes Seven Tokens
ByBit announced this decision in an official blog post on Monday. According to reports, all tokens in question have a low market capitalisation. The list also includes a stablecoin, the Celo Dollar (CUSD).
In the official statement, ByBit said:
With regard to timing, ByBit has clarified that the EVERY/USDT, GG/USDT, CUSD/USDT, BUBBLE/USDT, TAVA/USDT, PLANET/USDT and IRL/USDT pairs will no longer be supported in Spot trading from 8:00 UTC on 21 March 2025. Spot trading allows users to trade cryptocurrencies in real time. In addition, the platform will also discontinue support for these tokens in the conversion function, also as of the same date.
With regard to deposits, the exchange will no longer accept deposits for EVERY, GG, CUSD, BUBBLE, TAVA, PLANET and IRL as of 20 March 2025, 8:00 UTC. In addition, withdrawal of these tokens will no longer be available after 20 June 2025, 8:00 UTC.
ByBit's announcement comes as part of the exchange's plan to ensure a more secure and regulated trading environment. ByBit also stated that all listed tokens will undergo a rigorous review to ensure that they meet the required standards.
Source: ByBit
The announcement triggered a significant drop for the affected tokens, with Rebase GG (IRL) suffering the biggest loss, falling 41.3% in the past 24 hours. $EVERY also dropped 8.3%, while $BUBBLE fell nearly 15.5%. Furthermore, $PLANET lost 11.8%, generating concern among investors. However, $TAVA was the only exception, rising 3.7% despite the overall negative trend.
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